Apple is bracing for increased costs due to tariffs, with CEO Tim Cook revealing that the company incurred $800 million in tariff-related costs for the June quarter. This is lower than the expected $900 million for the third quarter. Cook estimates that if current global tariff rates remain unchanged, costs could rise by $1.1 billion for the September quarter.

Read more at Barron’s: Apple CEO Tim Cook Talks Tariff Costs