Apple's Q3 Sales Boosted by Consumers Scrambling to Beat Tariff Price Hikes
Apple customers afraid of massive price hikes because of tariffs helped Apple's device sales during the fiscal third quarter of 2025, Apple CEO Tim Cook said today.

Speaking to Reuters, Cook said that approximately one percentage point of Apple's 10 percent sales growth in Q3 2025 can be attributed to customers buying more products to get ahead of tariffs.
"We saw evidence in the early part of the quarter, specifically, of some pull-ahead related to the tariff announcements," Cook said.
When U.S. President Donald Trump first announced tariffs in April, there were reports suggesting that iPhone prices could increase significantly as a result, going as high as $2,300. Customers who were worried about higher prices opted to make a purchase before the tariffs went into effect.
Cook said that Apple incurred $800 million in tariff related costs in the June quarter, and it expects $1.1 billion in tariff costs in the September quarter if the current tariffs do not change and if no new tariffs are added.
Popular Stories
Ahead of the WWDC 2026 keynote at 10 a.m. Pacific Time today, Apple CEO Tim Cook has shared a short video in which country singer Lainey Wilson, actress Rhea Seehorn, DJ and producer Zedd, and other celebrities say "good morning" in various ways.
"I think I'll say it the way I always say it," concludes Cook.
Apple's hardware engineering chief John Ternus becomes CEO on September 1, so...
Tim Cook closed out what is expected to be his last keynote as Apple's chief executive officer today with some emotive final remarks.
Wrapping up a pre-recorded video message, Cook reflected on his tenure at the company. "Some of the highlights of my time as CEO have been events like this, sharing powerful new tools with all of you," he said, adding that what developers create with Apple's...
Apple is raising its prices to offset the high cost of memory and storage, CEO Tim Cook told The Wall Street Journal. Apple is no longer able to absorb the increased prices and will need to pass some of the cost on to consumers.
"Unfortunately, price increases are unavoidable," said Cook. "We're doing our best to mitigate the huge increases that are being passed to us, and we've been trying...