Apple’s tariff-fueled iPhone sales surge raises doubts

News Snapshot:

People gather around a table of iPhones at an Apple Store in Pittsburgh on Jan. 8, 2025. (AP Photo/Gene J. Puskar, File) Apple’s best revenue growth in three years failed to impress, with shares down about one per cent in volatile trading on Friday, as investors questioned whether a tariff-driven surge in iPhone sales would last. A rush to buy iPhones ahead of potential U.S. tariff-driven price increases, along with China subsidies and upbeat demand for the budget 16e model launched in February, fueled a 13.5 per cent jump in the quarterly sales of the device, crushing expectations. That pushed...