That is how much tariffs will add to Apple's costs this quarter, assuming existing policies remain in place, said Chief Executive Tim Cook. He forecast the hit could worsen further ahead. Shares in the iPhone maker fell nearly 3% in premarket trading.

Key Takeaways Apple shares slid Friday amid worries about tariffs after CEO Tim Cook said they could cost the company $900 million this quarter.Wedbush said Apple's shift toward importing iPhones from India could help the company navigate the "tariff tornado.

Apple shares fell more than 4 percent in early trading Friday as investors weighed an outlook for the iPhone maker that’s clouded by tariffs. The company’s fiscal second-quarter results came in ahead of analyst estimates,

U.S. stock futures point to a higher open after China said it's considering talks with the U.S. over tariffs. “The U.S. has recently sent messages to China through relevant parties, hoping to start talks with China,

(Reuters) -Futures for Canada's main stock index surged on Friday, tracking gains in global equities as signs of potential trade talks between the U.S. and China lifted investor mood. June futures on the S&P/TSX index were up 0.

China said it is evaluating U.S. officials’ willingness to negotiate trade talks, giving a spark of hope for de-escalating the trade war between the world’s largest two economies.