If passed, we believe these tariffs could lower the profitability of Apple Watch and AirPods by 10-20%, resulting in just under a 1% negative impact on Apple's profits in FY19

Apple CEO Tim Cook had previously brushed off tariff concerns, saying he'd had conversations with Trump about the tariffs and that he was confident tariffs wouldn't hit the iPhone. The device drives most of Apple's profits, and it was not listed as one of the products that would be affected by the tariffs.

It's worth stressing that the Apple products affected by the $200 billion tariff list don't include iPhones and iPads, and only impact Mac sales to the extent that Apple assembles some (though not all) of its Macs in the U.S. Analyst Gene Munster estimates the finished products impacted by the tariffs will account for just 5% of Apple's fiscal 2019 (ends in Sep. 2019) sales.

Since mid-April, the dollar has gained about 9% against the renminbi; that should lower Apple's bill (in dollars) for products made in China by contract manufacturers such as Foxconn and Pegatron, as well as for Chinese-made components.

So if your smart you'll realize that aapl is making a profit of these tarrifs treats because they hurt the Chinese stocks more

So quick maths Workers at the Pegatron iPhone factory in China make an average of$650 to $850 a month let's take $750

1,000,000: Number of workers Foxconn employs in China

Now 1 usd = 6.87 cny which so a worker should make 5153 cny per month

Before it used to be 6.27 cny so a worker would make 4702 cny per month

Do some advanced math stuff and aapl is saving around 682 million per month.

This should give aapl an extra 1.8 billion profit per quarter. Which is a lot more then the tariffs impact on aapl Revenue which would only be between 500-800 million