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He said Apple is rethinking how it prices the iPhone outside the United States after largely setting the price in U.S. dollars, which made the phones more expensive in local currencies as the dollar strengthened. In markets with currencies that weakened considerably against the dollar over the last year, iPhone price “increases were obviously more,” Cook told Reuters. “And so as we’ve gotten into January and assessed the macroeconomic condition in some of those markets, we’ve decided to go back to more commensurate with what our local prices were a year ago in hopes of helping the sales in those areas.”.
Apple said it expects revenue between $55 billion and $59 billion for the current quarter ending in March, largely below analysts’ average estimate of $58.83 billion, according to IBES data from Refinitiv, For the quarter ending in December, the company’s busiest due to the holiday shopping season, Apple reported revenue of $84.3 gucci cufflinks billion, slightly above analysts’ average estimate of $84 billion, Apple warned in early January that sales would miss the targets it gave in November..
Earnings per share were $4.18, compared with Wall Street’s average estimate of $4.17, according to Refinitiv data. Investors have been closely tracking the company’s share repurchase activity in hopes that it will help buoy the falling share price, which has knocked Apple off its throne as the world’s largest technology company with a market value of more than $1 trillion. Apple said it bought back $8.2 billion worth of shares in the quarter ended in December, less than half the $19.4 billion it purchased in the quarter ended in September. Apple said its net cash position - cash minus its debt - was $130 billion, up from $123 billion in the previous quarter. Apple has publicly said it plans to draw its net cash position to zero.
CHEMNITZ, Germany (Reuters) - With Brexit less than two months away, and no divorce deal in sight, some German companies are taking matters into their own hands to limit any damage to their businesses, The small and mid-sized firms - albeit a small minority - say they can’t wait any longer to see what agreement, if any, will emerge between London and Brussels, They are taking gucci cufflinks steps to protect themselves should a chaotic British withdrawal lead to traffic tailbacks, heavier customs bureaucracy and rising delivery costs after March 29, the planned break-up date..
Kieselstein International, a maker of metalworking machines, has for example successfully introduced a clause into a contract to deliver goods to British Steel that puts the onus on the UK firm to bear the costs of any extra red tape linked to Brexit. “We included a clause that says if delivery takes place after March 29 the goods cannot be delivered to the buyer’s warehouse but are to be picked up in Chemnitz,” managing director Jens Kieselstein told Reuters, referring to the town in Saxony where his business is based.
Others are taking measures such as finding new suppliers in continental Europe, should imports from Britain become more costly, stockpiling parts, or rushing to complete British orders before March 29 to avoid any disruption, Such precautions are exceptions rather than the rule; among gucci cufflinks small and mid-sized companies - Germany’s so-called Mittelstand - 77 percent believe Brexit will not affect them, according to a survey by the BVMW trade association conducted in December, “We still have no binding information and have therefore decided to accept new orders and process them normally in the hope that the situation will soon be resolved,” said Jakob Kania, managing director of Support Q, a consultancy firm for suppliers to the automotive industry..
Mittelstand businesses, some of which are big suppliers to Britain’s machinery and automotive sectors, are typically family-owned with up to 500 workers and annual revenues below 50 million euros. Many lack the resources for the detailed contingency planning carried out by corporate heavyweights. Their fortunes are nonetheless crucial to Europe’s biggest economy, accounting for more than half of Germany’s jobs, a third of its corporate turnover, and almost a fifth of the nation’s exports - 7 percent of which went to Britain in 2017, worth about 84 billion euros ($96 billion).
Mario Ohoven, president of the BVMW Mittelstand trade body, urged companies to check their contracts for Brexit risks, get to grips with customs procedures and visa formalities, and to consider switching to British haulage firms, British politicians continue to quarrel over the terms of Britain’s exit from the EU, with parliament in deadlock, It is possible that Britain will leave without any deal to govern its trading relationship with the bloc - a scenario gucci cufflinks many businesses fear will bring chaos to the world’s fifth-biggest economy..