Seeking Alpha

Apple (AAPL -0.3%) is now accepting payment in Chinese yuan for App Store downloads, its latest...

Apple (AAPL -0.3%) is now accepting payment in Chinese yuan for App Store downloads, its latest move in what has become a key growth market. The change makes it easier for Chinese users, who previously needed to pay for downloads with a dual-currency credit card, which prompted extensive use of hacking, false identities and fraudulent gift cards.
From other sites
Comments (3)
  • gdwigan
    , contributor
    Comments (43) | Send Message
     
    Probably the biggest development with this company in the past 4 weeks. All the noise (Europe, supposed supply issues, potential demand issues, patent - injunction crap, no new innovation, no dividend, too much non performing cash sitting overseas, No Steve) is drowning anything positive out.
    18 Nov 2011, 12:11 PM Reply Like
  • steph23
    , contributor
    Comments (4) | Send Message
     
    Agree, news w/ aapl has been negative, accepting payment in yaun will cause some excitement. also options expiration...
    18 Nov 2011, 02:44 PM Reply Like
  • invexcn
    , contributor
    Comments (4) | Send Message
     
    payment in yuan? crazy. it will cause some problems in China. And Chinese government will not allow that happen without. It will force apple to build up co-partnership company with one chinese local investor.
    19 Nov 2011, 04:53 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector