Scalper1 News
Economic turmoil in China is giving Apple (AAPL) investors a tummy ache, because of the company’s heavy exposure to the country. China accounted for 27% of Apple’s revenue in the June quarter. That compares with about 8% or 9% for IBM (IBM), 7% for Hewlett-Packard (HPQ) and 6% for EMC (EMC), RBC Capital Markets analyst Amit Daryanani said Tuesday. What’s more, China contributed 60% of incremental revenue and 80% of incremental profit in Apple’s Scalper1 News
Scalper1 News