“In one week we’ll get an earnings report from Apple. There are many key items investors are discussing, from sales of the new Watch to how this year’s iPhone launch timeline will impact quarterly sales,” Bill Maurer writes for Seeking Alpha.
“We’ve also seen a ton of discussion on the growth slowdown in China and how it will impact one of Apple’s biggest markets,” Maurer writes. “But in all of this discussion, one key item has not received much coverage, and it is one that probably will have a large impact on the company’s results.”
“I’m talking about the impact of currencies, which has been a significant headwind for Apple and many other US firms over the past year,” Maurer writes. “The strengthening in the dollar has knocked off several percentage points of revenue growth for Apple, which translates into a couple of billion dollars each quarter. The good news for Apple is that the US dollar currency index (‘DCI’) has weakened a couple of percent since the company’s Q3 report in July.”
Read more in the full article here.
MacDailyNews Take: Luca Maestri talks about currency headwinds all the time. We expect to hear more about them during Apple’s conference call on October 27th.
Apple to release Q415 earnings, webcast live conference call on October 27th – October 8, 2015