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> Devalue Yuan by 50%. Don't like it, Apple? tough Why wouldn't Apple like this? Their manufacturing costs would become much lower, and they would rack up even
by danmaz74 11y ago
> Devalue Yuan by 50%. Don't like it, Apple? tough
Why wouldn't Apple like this? Their manufacturing costs would become much lower, and they would rack up even more billions in profits.
- restalis 11y agoHe somehow assumed that choosing the Apple products have something to do with their price affordability.
- jimbokun 11y agoApple is looking to China for further sales growth. Fewer Chinese buying iPhones is probably a bigger problem for them than higher manufacturing costs. Tim Cook has already made a big deal about "currency headwinds" to explain Apple's slowing revenue growth.
- phil21 11y agoWhy would they care? They are selling a Chinese made product to the Chinese. Maybe not as profitable due to exchange arbitrage, but still profitable since the costs go down exactly as much as the retail price does. Engineering for the Chinese market already exists due to all the other markets, so it's essentially money left on the table if they don't.