The 65-year-old Cook will turn the CEO duties to Apple’s head of hardware products, John Tenus, on September 1.
Revisions also cut 69,000 jobs from December and January payrolls.
Nevada and 20+ other states are suing to stop the latest attempt by the Trump administration to impose sweeping tariffs.
Trump says he’s 'absolutely ashamed' of justices who voted to strike down his tariffs, calling the decision 'deeply disappointing.'
Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland would face the tariff.
The case involves tariffs first announced in April on almost all U.S. trading partners and the ones from February on Canada, China and Mexico.
Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he’s largely spared in his trade war.
The unemployment rate ticked up to 4.2%.