Apple Expects $900 Million Hit from Tariffs in Fiscal Q3
Apple CEO Tim Cook expects that the US tariffs in its current fiscal quarter will add an estimated $900 million in costs if the conditions do not change.
Nokia created a dedicated entity focused solely on delivering technology to the US government. It will address critical requirements for different agencies, building on a long-standing partnership.
The vendor said that Nokia Federal Solutions (NFS) would use its technology portfolio underpinned by its Nokia Bell Labs division to deliver secure and innovative services. NFS will aim to meet the requirements of government agencies by using the Finnish vendor’s portfolio, including IP routing, optical networking, microwave, 5G, and private networks.
Mike Loomis, president of NFS, said the US government faces complex communications challenges in today’s interconnected world and the company aimed to strengthen its commitment to the country by investing in a dedicated technology entity. President of Networks at Nokia Tommi Uitto said the launch is an important development in Nokia’s defense business and builds on a recent acquisition of Fenix Group. Nokia added NFS aims to bring together a team of professionals with commercial communications technology expertise and a deep understanding of US government requirements.