by yellowbrowntwo2
I am just using $AAPL or Apple, Inc. as an example but think about all other multinational organizations with shops in Russia. Chinese and other organizations in countries friendly to Russia will increase their market share, revenues and import/exports.
Info: www.business-standard.com/article/international/apple-to-lose-3-mn-in-iphone-sales-daily-after-russia-pull-out-122030701009_1.html#:~:text=Data%20presented%20by%20Burga%20indicates,spot%20at%2026%20per%20cent.
This article basically states that $1B in lost revenue annually for Apple, but also that Chinese companies will replace both Apple and Samsung with an increase in market share in Russia.
www.thestreet.com/apple/news/how-important-is-russia-to-apples-business
Same.
www.npr.org/2022/03/01/1083776364/apple-russia-pauses-sales-stops-exports
This article says $7B in lost revenue in Russia for Apple, but only represents 1-2% for total revenue worldwide.
Not financial advice.
Edits: Companies’
Obviously there are other factors like inflation, export/import, supply/demand and etc…… that make individual stocks go up or down.
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