Forget iPhone: For Apple, It's All About the Dollar

Don’t obsess about the svelte new iPhone or the price cut for the Apple Watch.

Don’t worry too much about Apple’s courtroom battles over privacy and national security, at least not now. Those issues moved to the back burner on Monday when the Justice Department said that it might not need Apple’s help to break into an iPhone connected to a mass shooting.

Instead, if you’re interested in Apple as the world’s most valuable company, and not just in Apple as a maker of cool gadgets, the biggest news affecting it lately has arguably come from another quarter: the foreign currency markets.

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