Tim Cook’s Clever Solution to the Tariff Refund Puzzle

One more from Jason Snell, from his analysis of Apple’s quarterly results: During a complicated question from J.P. Morgan analyst Samik Chatterjee about product margins, Parekh unusually half-answered the question and then stopped and “turned it over to Tim” so that Cook could read an obviously prepared statement about tariffs, which included this bit: In terms of applying for a refund of tariffs paid, we’re following the established processes, and we plan to reinvest any amount we receive back