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Wow $74.6 Billion Revenue and $18 Billion profit on 74.5M iPhones in a quarter is nuts. Apple also mentioned in the Conference call that the volatile exchange
by mythz 12y ago
Wow $74.6 Billion Revenue and $18 Billion profit on 74.5M iPhones in a quarter is nuts.
Apple also mentioned in the Conference call that the volatile exchange rate also hurt sales numbers by 4% (vs a constant exchange rate) which they're more susceptible to now that over 65% of their sales are outside of the US.
- avar 12y agoThat's happening to a lot of US companies that do a lot of their business in the EU/EUR zone and other currencies that are weakening relative to the strong USD.
- seanmcdirmid 12y agoRMB is pretty strong, and Apple's 2nd largest market is China, so they are somewhat protected.