The dollar has been so strong against international currencies including the euro that the greenback will weigh on earnings, including big tech companies.
None of those companies have recently signaled a drop in revenue or profit gains due to currency.A couple of companies worth watching as this issue develops are, which gets a quarter of its sales in developing nations like China, and Apple, which gets 19% of sales in Greater China and another 24% in Europe.
The bigger impact for Apple may come in the September quarter, since the dollar has continued to rise since the end of June, Zino said. Some companies, especially chip makers, can match their losses from selling in local currencies by manufacturing overseas, especially in Asia. That lets them recover some lost revenue in the form of lower production costs.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Meet The Midwestern Retailer Quietly Making A Fortune Selling Used Stuff—And Beating The S&P 500Winmark Corp.—which oversees 1,300 franchised resale stores like Plato’s Closet, Play It Again Sports and Once Upon A Child—has a long history of being profitable and keeping shareholders happy.
Weiterlesen »
Yosemite fire grows as crews protect 500 iconic sequoiasA wildfire threatening the largest grove of giant sequoias in Yosemite National Park more than doubled in size in a day.
Weiterlesen »
NIO Announces 500 kW EV Charger & 3rd Generation Battery Swap TechnologyNIO is about to begin installing its latest 500 kw 640 amp EV charger. It also will soon roll out its 3rd generation swapping stations.
Weiterlesen »
Yosemite wildfire threatens over 500 giant sequoias in Mariposa GroveA wildfire burning near the southern part of Yosemite National Park’s Mariposa Grove has become the latest blaze to threaten the world’s largest trees, which have been repeatedly imperiled in recent years as climate change increases the intensity of fires.
Weiterlesen »
These are the dividend stocks most recommended by top-performing newsletters --- and 6 yield above 4%On average, these 23 stocks are yielding 3.1%, nearly double that of the S&P 500.
Weiterlesen »
Shares slide ahead of U.S. inflation data, earnings hurdles By ReutersShares slide ahead of U.S. inflation data, earnings hurdles
Weiterlesen »