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Big news is Apple finally feeling effects of weakness in China and the collapse of demand in oil dependent places like Canada.

• jbverschoor 11y ago
  weakness of the chinese currency
  • jonknee 11y ago
    No, weakness in demand as well. > Luca Maestri, Apple’s chief financial officer, said the company is feeling the effects of a "very different" economic environment around the world. Apple is beginning to see "softness" in China, particularly in Hong Kong, he said. http://www.bloomberg.com/news/articles/2016-01-26/apple-forecasts-first-sales-drop-since-2003-on-iphone-slowdown http://www.bloomberg.com/news/articles/2016-01-26/apple-fore...
  • Steko 11y ago
    Weakness of the Yuan affects the revenue number by the size of the China market but shouldn't by itself impact the raw number of phones sold (Apple pays for the phones parts and labor mostly with Yuan).
    • simonh 11y ago
      The cost of assembly is tiny compared to the cost of the parts, which largely come from Korea, Japan and for some of the SOCs and glass the US.
    • Steko 11y ago
      Oops most of the contracts for components are apparently enumerated in dollars.
• nemo44x 11y ago
  That's the part that scares me a bit. Not for Apple's sake but as a confirmation of the general global economic slowdown we are likely in right now. The recovery has hit a bump it might appear.