Archives
Bad Assumptions
BenjaminA quick quote from Ben ( @stratechery ) Thompson
“Last quarter Apple’s revenue was downright decimated by the strengthening U.S. dollar; currency fluctuations reduced Apple’s revenue by 5% – a cool $3.73 billion dollars. That, though, is more than Google made in profit last quarter ($2.83 billion). Apple lost more money to currency fluctuations than Google makes in a quarter. And yet it’s Google that is feared, and Apple that is feared for.”
Bad Assumptions | Stratechery by Ben Thompson.