Apple has posted its Q3 earnings this afternoon, just beating estimates with $83 billion in revenue for the quarter. Speaking to CNBC, CEO Tim Cook shared thoughts on doing business in the current economic conditions, expectations for growth during the September quarter, and more.
CNBC’s Steve Kovach talked with Cook just after Apple shared its Q3 earnings. On the economy, Cook said the company is seeing inflation in its “cost structure.”
Speaking further on inflation, he said “We see it in things like logistics and wages and certain silicon components and we’re still hiring, but we’re doing it on a deliberate basis.” That specific comment comes after a recent report from Bloomberg said Apple would be cutting costs with a slowdown in hiring.