Re: Image is everything
in response to
by
posted on
Jan 30, 2015 07:57AM
"IT'S TIME FOR JUSTICE PLAIN AND SIMPLE !"
Lets hope we get the same exchange rates Apple gets when selling in....e.g China...if e.Digitals tech is inside.
Did I hear right over a week back or so on CNBC? The value of an IPhone in China is 2400.00 bucks or so?
After hearing of Apples tremendous net profit that included sales in China. Selling an IPhone in China must be very lucrative when converting the Chinese sales into to US currency for reporting purposes. The funds stay over there, however, they make Apple look good on paper when reporting in US dollars.
If that's correct, Apples not in the phone business, it's in the currency business.
If that is correct, makes me think of what Alibaba is all about having 7 big name banks involved in it’s IPO ? The cost of the IPO was in the range 2.5 million for 360 +/- million approved shares, of which 125+/- million went up for sale.
FWIW
doni