Brexit effect may hurt Apple revenue, predicts Citigroup, as Dell increases UK costs by 10%

Citigroup Global Markets analyst John Suva has expected that financial anxiety in the united kingdom following a referendum choice to depart the EU may harm Apple sales. Company Expert reviews that Citigroup has decreased its quotes for iPhone revenue across two groups.

We’re reducing our quotes for July and June groups provided possibility of lower need from macro doubt (Brexit connected), currency volatility and widening alternative cycles.

The decrease isn’t a significant one – simply 700k along about the prior estimation – but does provide some indicator the financial effects of Brexit may increase beyond the united kingdom.

Being an indicator of how additional technology businesses are reacting, Dell has established that it’s elevated its wholesale costs by 10% in the united kingdom in reaction to a 12.4% decrease in the worthiness of the pound from the buck, and it’s been recommended that horsepower will probably follow suit. Although Apple presently seems to be implementing a delay-and-discover strategy, it appears probably that it also may increase its UK rates at some stage.

Amazing picture of Apple’s Regent Street store in London: Zman

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