Apple Inc.’s much-awaited quarterly earnings report failed to soothe investor concerns about its biggest challenges, including escalating tariff costs and a slowdown in China.

Apple on Thursday reported results that narrowly beat Wall Street expectations as consumers stocked up on iPhones amid fears of potential import taxes on its signature device from President Donald Trump.

Apple CEO Tim Cook offered the company's first comments on the impact of President Trump's tariffs during Thursday's second-quarter earnings call with

Apple CEO Tim Cook publicly addressed the impact of tariffs on the iPhone maker’s business for the first time on an earnings call Thursday, saying they could add $900 million to the company’s overall costs.

Trump's tariffs will cost Apple about $900 million in Q2, but Tim Cook says most iPhones sold in the US will come from India, meaning lower tariffs and, hopefully, no price hikes for you.

A District Court found that Apple willfully violated the court order in Epic Games v. Apple suit. "Fortnite" will return to the U.S. iOS App Store.

Judge Yvonne Gonzalez Rogers has ruled that Apple violated her own ruling back in 2021 on the lawsuit Epic Games filed against Apple a year before. Now, it's ordering (PDF) Apple to stop collecting commissions on purchases that weren't paid through the App Store effective immediately.

A judge referred Apple for potential criminal investigation, saying it breached an order to allow flexibility in how consumers make digital purchases from apps.