Weakening US Dollar poised to boost Apple’s sales performance overseas

Weakening US Dollar poised to boost Apple’s sales performance overseas

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It no longer appears likely that Apple's overseas earnings can be repatriated back to the United States at more favorable tax rates this year, as plans for tax reform--including deep cuts to health care spending aimed at enabling a huge tax cut--have been delayed. On the other hand, unsettling political news is also having an adverse affect on the US dollar, creating an unanticipated side effect: a more favorable currency exchange environment for Apple's foreign earnings.

Original source from - AppleInsider - Frontpage News - Click Here to View

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