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 is moving much of its production for U.S. markets out of China, responding to President Donald Trump's ongoing tariff policies.

A pple is expected to rely more heavily on India for iPhone production as it adapts to rising US import tariffs on Chinese goods under the Trump administration’s reciprocal trad

Tariffs could add $900 million to Apple’s costs this quarter, Apple CEO Tim Cook said on Thursday, as he revealed the tech giant was shifting production of iPhones sold in the United States from China to India.

On the impact of tariffs, Tim Cook said it's "very difficult to predict beyond June," while Apple's AI is "taking a bit longer than we thought."

The company announced it upped its quarterly cash dividend to $0.26 per share and its board approved a $100 billion share buyback program.