Apple
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Tariff refunds bolster Apple's record-breaking June quarter
['Amber Neely', 'Wesley Hilliard', "Andrew O'Hara", 'Marko Zivkovic', 'Malcolm Owen']
AppleInsider News
Apple's gross margins and earnings per share were boosted by the tariff refunds the company received so far.
Another $1 billion in tariff refunds are still unaccounted for.
Apple's record-breaking quarter didn't need the help of the tariff refunds, but it does add some extra flair to the already outstanding results.
Apple shared that its gross margin was 50.1% with a favorable impact of 2% provided by tariff refunds.
Apple shared that it expects another 1% boost to revenue in the September quarter thanks to more tariff refunds.