Apple, Others Likely to Take Hit From Yuan Devaluation

1HONG KONG-Apple Inc. may be one of the biggest losers from China's surprise decision to devalue its currency, while the U.S. company's Chinese rivals and the main assembler of its iPhone are expected to be among the biggest winners.
2Foreign companies such as Apple and fast-food retailer Yum Brands Inc. rely heavily on sales in the world's second-largest economy.