Exchange rates are killing them. The strong USD is cutting into profits in a major way. With iPad, Mac and now iPhone showing flat (and negative) growth I would expect a fairly flat stock price for the time being. When/If the USD begins to lose value to other currencies I'd call that a good time to consider to build a position in AAPL.
I don't have a position but was hoping for a big win this quarter. AAPL exemplifies a lot of the issues many companies are having because of exchange rates and I do not expect the broader market to do much better for awhile.
Especially with so much foreign debt in USD, a lot of companies are going to have a hard time paying off bonds and loans, hurting their ability to grow.
I don't have a position but was hoping for a big win this quarter. AAPL exemplifies a lot of the issues many companies are having because of exchange rates and I do not expect the broader market to do much better for awhile.
Especially with so much foreign debt in USD, a lot of companies are going to have a hard time paying off bonds and loans, hurting their ability to grow.