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Title: News: Falling currency value could raise iPhone prices in China Post by: HCK on August 11, 2015, 03:00:27 pm News: Falling currency value could raise iPhone prices in China
With China devaluing its currency Tuesday, Chinese iPhone buyers could see a big spike in prices soon, The Wall Street Journal reports. In its annual report last year, Apple warned investors that a stronger U.S. currency might translate to lower sales and profit margins overseas when those sales are expressed in U.S. dollars. “There is a risk that the company will have to adjust local currency product pricing due to competitive pressures when there… Source: News: Falling currency value could raise iPhone prices in China (http://www.ilounge.com/index.php/news/comments/falling-currency-value-could-raise-iphone-prices-in-china) |