News: Falling currency value could raise iPhone prices in ChinaWith 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…
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News: Falling currency value could raise iPhone prices in China
