Trump’s Strong Dollar Means Weaker Sales at Apple, Honeywell
EghtesadOnline: The Trump dollar is taking a bite out of the earnings prospects for U.S. companies. Apple Inc. is boosting the prices of iPhones sold abroad by as much as 40 percent to offset the declining value of foreign sales when they’re converted to dollars. Those higher prices hurt Apple’s ability to compete. Industrial giant Honeywell International Inc. is trimming its sales forecast this year by $600 million and hedging in the currency markets.
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Publish Date:04/February/2017 | 04:53