Apple Stops Online Sales in Russia Over Ruble Fluctuation

The transcript discusses how Apple and other Western companies are responding to the economic crisis in Russia, particularly the decline of the Russian ruble. It highlights the challenges these companies face, such as price adjustments and potential capital controls. The discussion also touches on the relative importance of the Russian market compared to China for companies like Apple and considers the broader economic implications for other emerging markets.

How does the importance of the Russian market compare to that of China for companies like Apple?

In what ways might the financial turmoil in Russia affect other emerging markets?