Tag Archive: devaluation


Chinese devaluation is terrible for Apple, great for its suppliers

China’s surprise devaluation of the yuan is likely to have a massive impact on Apple and its suppliers. China devalued its currency in an attempt to boost a flagging economy — resulting in the country’s biggest one-day loss in 20 years. And while some will be celebrating, others (likely including Tim Cook) can’t be too happy about […][Read More…]

Chinese devaluation is terrible for Apple, great for its suppliers

China’s surprise devaluation of the yuan is likely to have a massive impact on Apple and its suppliers. China devalued its currency in an attempt to boost a flagging economy — resulting in the country’s biggest one-day loss in 20 years. And while some will be celebrating, others (likely including Tim Cook) can’t be too happy about […][Read More…]