Apple has received most of what it paid to the U.S. government in extra tariffs back, which marginally helped to improve the Q4 results.
President Donald Trump launching his tariffs in April 2205
President Donald Trump launching his tariffs in April 2205
Back in June, Apple benefited from approximately $2.2 billion in tariff refunds, getting funds back from the ‘reciprocal’ tariffs that were shut down by the Supreme Court in February. Apple had another payment that affects its fourth-quarter results.
In its quarterly results for Q4, Apple says that the 47.9% gross margin included a “favorable impact” of approximately 1% thanks to the tariff refunds. Similarly, approximately $0.05 of the $2.10 diluted earnings per share stemmed from the refunds.