Don't cry for Argentina

19 Oct 2009 By Robert Cyran Follow @rob_cyran

The US tech company s dominance of the market for digital music devices is clear in its sparkling results. More surprisingly, Apple says the dollar’s weakness didn’t cause any real benefit. That’s good, but a strengthening dollar could hurt.

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Apple reported sales of $9.9bn in the quarter ending September 26. The US tech company's revenues were $7.9bn in the same period last year. Earnings per share increased 44% to $1.82 per share.

Separately, Commonwealth Securities has put out its October version of its iPod index. It uses the prices of Apple's digital music player in various countries to track purchasing power parity of currencies. An iPod Nano with eight gigabytes of memory costs $119 in the US, which is the cheapest country in the survey. The most expensive place to purchase the same iPod would be Argentina, where it costs $336.

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