Apple S Russia Exit Estimated To Cost The Company 3 Million A Day In Iphone Sales
Phone case maker Burga crunched the numbers and worked out that Apple will lose about $3 million a day in iPhone sales alone. This means some $1.1 billion over a year. A drop in the ocean for Apple, a company that generated revenues of $123.9 billion last quarter alone. But it’s important to remember that there’s more at stake here than iPhone sales. First, consider growth. Smartphone sales, and in parallel, iPhone sales, have been rising steadily in Russia over the past few years, growing some 200% between 2014 and 2021....