Apple CFO Sees Sales Growth as Hedges Ease Currency Swings
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Apple Inc., which has already taken its most aggressive steps in years to blunt the effects of currency swings on revenue, said sales will keep growing this quarter even with the strengthening U.S. dollar.
“We’re guiding to a strong March quarter with revenue up between 14 and 20 percent and that’s in spite of the fact that you’ve heard from many U.S. companies these days that foreign exchange has become a challenge,” Chief Financial Officer Luca Maestri said Tuesday in an interview.