Apple may have been able to mitigate against Trump's tariffs before their full extent was announced, but the company's latest SEC filing reveals that this was only a short-term tactic, and price hikes may be inevitable.

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.

Apple CEO Tim Cook revealed some much-anticipated details about the impact of President Donald Trump’s trade war on his company, describing a relatively modest increase in costs this quarter. But his response didn’t entirely satisfy Wall Street,