Yet.. Last quarter Apple proved to contrary... They kicked butt in china... While most if the china slowing down data causing panic now is from the same period!
As for currancy... I feel apple has provisions for currancy fluctuation... Any wise CFO would not allow other wise..
Given the provisions... Apple can transfer the lowerd manufacturing cost to consumers in china. Maintaing their margins and maintaing prices in china.
Yet Due to lower manufacturing cost......