Did the rise of China’s currency screw Apple’s Q4 earnings?

October 28, 2012 Posted By: Leave a comment
If it weren't for the yuan, Apple might have beaten the Street's expectations

FORTUNE -- Ever since Thursday, when Apple (AAPL) confounded Wall Street's consensus by beating on revenue ($36 billion vs. $35.8 billion) and missing on earnings ($8.67 vs. $8.75), analysts have been scratching their heads trying to understand what happened.

Most analysts focused on the shortfall...

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