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Apple Chief Financial Officer Kevan Parekh said on Thursday in a call with analysts that the company expects its revenue to grow in the low to mid-single digits for the quarter ending in June. The company also expects gross margins for the current quarter to operate between 45.5% and 46.5%, with operating expenses between $15.3 billion and $15.5 billion. CEO Cook stated that Apple expects to incur $900 million in tariff costs for the quarter based on the current tariff structure. Cook added, "Due to some unique factors benefiting the June quarter, this estimate should not be used to predict future quarters."
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