Apple Stock News: Apple Twisted App Prices Following Currencies Variations
Apple Inc. (AAPL) changed the prices of software applications from Canada to Europe last week, in one of the company’s broadest global responses to currency fluctuations in recent years.
All major currencies have declined against the U.S. dollar in the past 12 months, with the U.S. economy on an upswing. The Canadian dollar is down about 10.1 percent since July and Jan. 9 touched its lowest level versus the U.S. dollar in 5 1/2 years. The euro has declined about 13% against the dollar in six months, according to data compiled by Bloomberg.
January 13, 2015
