Tariffs could add $900 million to Apple’s costs this quarter, Apple CEO Tim Cook said on Thursday, as he revealed the tech giant was shifting production of iPhones sold in the United States from China to India.

Apple expects Trump's tariffs to add $900 million in costs in the June quarter, as its services revenue hit a record high in the March period.

And Apple CEO Tim Cook had quite a carefully crafted statement. (Check out CNET's regularly updated tariff pricing tracker.) And the word of the day for this earnings call was "color." "Now let me walk you through the impacts of tariffs in the March quarter and give you some color on what we expect for the June quarter,