Technology: AirPods, Apple Watch, and HomePod will face 10 percent import tax, starting in September - PressFrom - US
  •   
  •   
  •   

TechnologyAirPods, Apple Watch, and HomePod will face 10 percent import tax, starting in September

22:36  13 august  2019
22:36  13 august  2019 Source:   theverge.com

iOS 13, iPadOS, MacOS Catalina available for public beta testing

iOS 13, iPadOS, MacOS Catalina available for public beta testing But beware -- they aren't the finished versions that will launch in the fall.

A new set of tariffs from the Trump administration will put a 10 percent import tax on smartwatches, fitness trackers, smart speakers, and Bluetooth headphones, starting September 1st. The administration plans to delay proposed tariffs on most consumer electronics until December 15th, including cell phones and laptops.

AirPods, Apple Watch, and HomePod will face 10 percent import tax, starting in September© Photo by James Bareham / The Verge

But the tariffs are still likely to land heavily on Apple, which relies on Chinese manufacturing for its HomePod, AirPods, and Apple Watch. These goods were exempted last year after manufacturers sent letters to the government asking for relief. “It is difficult to see how tariffs that hurt U.S. companies and U.S. consumers will advance the Government’s objectives with respect to China’s technology policies,” Apple wrote at the time.

Apple explored building a camera into the Apple Watch’s band

Apple explored building a camera into the Apple Watch’s band A flexible band for flexible photography

Although the iPhone and MacBook Pro are spared until December, this tariff hike will still have a significant impact on Apple’s bottom line. CEO Tim Cook said during the company’s last earnings call that, when combined, the company’s divisions for services, wearables, home, and accessories approach the size of a Fortune 50 company.

Apple’s seen the tariffs coming for nearly a year now and has reportedly explored moving manufacturing out of China in response. It also already experienced a 10 percent import tax hike that affected its chargers. Its prices didn’t change, however; Apple and its suppliers absorbed the difference. We’ve reached out to Apple for comment on this most recent tariff news and will update if we hear back.

Apple’s wearable business is so hot that it now generates more revenue than Netflix.
Apple's wearable products category that includes devices like the Apple Watch and super-popular AirPods hasn't gotten the credit it deserves for how important this collection of products has become to Apple's bottom line. That's according to a new analyst reports that estimates that the revenue from the iPhone maker's wearables category will, believe it or not, eclipse that of the iPad and Mac by the end of next year. Analyst Neil Cybart's

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!