Apple expects to incur $900 million in tariff costs for the current fiscal quarter, but still anticipates revenue growth.

Apple's Chief Financial Officer Kevin Parke said on Thursday in a conference call with analysts that for the fiscal quarter ending in June, Apple expects its revenue to grow by low to mid single-digit percentage. The company also expects the gross margin for the current quarter to be between 45.5% and 46.5%, with operating expenses between $15.3 billion and $15.5 billion. In announcing the performance expectations, CEO Cook said that, based on current tariff structures, Apple expects to incur $900 million in tariff costs this quarter. Cook added, "Due to some unique factors favorable to the June quarter, this estimate should not be used to predict the next few quarters."