Cook, however, clarified that the estimate reflects current conditions and shouldn’t be used to project future quarters.
“There are certain unique factors that benefit the June quarter,” he added.
China sales fall short
Cook had earlier managed to secure an exemption from the Trump tariffs, set at a steep 145%, for smartphones and other electronics, according to The New York Times.
But that reprieve may not last long. The Trump administration has since floated new tariffs on semiconductor chips, a move that could drive up the cost of iPhones, Macs, iPads, and other Apple devices.
Earlier on Thursday, the Cupertino-headquartered company reported revenue of $95.36 billion for the March quarter, marking a 5% year-on-year increase. Net income rose to $24.8 billion, or $1.65 per share, beating Wall Street expectations of $1.63 per share on $94.68 billion in revenue.