Photo: BloombergSan Francisco/Bengaluru: A “wide range” of Apple Inc products including the Apple Watch would be affected by proposed US tariffs on Chinese goods, the company told US trade officials, without mentioning any potential impact on its iPhone cash cow. Apple does not disclose specific revenues for most of the affected products, but the Apple Watch may be the biggest seller. Many Apple accessories, such as mice, keyboards, chargers and even leather covers for iPhones and iPads would face tariffs, Apple said. Reuters had reported that the Apple Watch was likely to be affected by the tariffs. In its letter, Apple argued that the way US trade officials calculate the US trade balance — attributing the entire value of a product to a country like China where final assembly happens — fails to reflect the true value that Apple generates in the US.

Source: Mint September 07, 2018 22:07 UTC