Explaining The Recent Apple Sell-Off And How The Stock Can Recover

Although Apple also does much of its manufacturing in China, the cost benefits from the devaluation are unlikely to be significant, since the company likely works with its contract manufacturers in dollar terms. Even if the company has some leverage over its contract manufacturers, a potential loss on the revenue and growth front in China is likely to outweigh any cost benefits, since much of the value-add in China comes from labor and assembly, which accounts for a very small part of an iPhone?...