Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 28CTQ: Why do you mink the U.S. experience with inflation over the last 50 years has been so much milder...
icon
Related questions
Question

A loyal Apple customer, has set out a table of Apple’s net sales also adding his/her expectations about 2021 developments. Assuming that net sales of iPhones not being largely affected by the exchange rate developments but by new versions of iPhones, would you expect percentage share of net sales of iPhones to increase or decrease with stronger US. dollar against foreign currencies in 2021 (but without launching new iPhone models)?(according to table)

Net Sales (in billion dollars)
2021
Share
2020
Share
2019
Share of
(Expected)
Total Net
Total Net
Total Net
Sales
Sales
Sales
204
68 %
137.78
142.38
55 %
iPhone
iPad
50 %
36
12 %
23.72
9 %
21.28
8 %
Services
24
8 %
53.77
20 %
46.29
18 %
Мас
18
6 %
28.62
10%
25,74
24.48
10%
The Rest
18
6 %
30.62
11%
9%
Total Sales
300
100 %
274.51
100 %
260,17
100 %
Transcribed Image Text:Net Sales (in billion dollars) 2021 Share 2020 Share 2019 Share of (Expected) Total Net Total Net Total Net Sales Sales Sales 204 68 % 137.78 142.38 55 % iPhone iPad 50 % 36 12 % 23.72 9 % 21.28 8 % Services 24 8 % 53.77 20 % 46.29 18 % Мас 18 6 % 28.62 10% 25,74 24.48 10% The Rest 18 6 % 30.62 11% 9% Total Sales 300 100 % 274.51 100 % 260,17 100 %
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Foreign Direct Investments
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax