AAPL · 10-Q · 2026Q2 · Full report

FX / Currency Headwinds

Apple Inc. · 2026-07-31 · Importance 32 · Surprise 24

Apple identifies currency fluctuations as a material driver of regional performance in fiscal 2026, noting the strength of many foreign currencies relative to the U.S. dollar had a favorable year-over-year impact on Europe, Greater China and Rest of Asia Pacific net sales during Q3 and the first nine months of 2026. Conversely, Apple states the weakness in the Japanese yen versus the U.S. dollar had an unfavorable year-over-year impact on Japan net sales for the same periods. The filing links these FX movements to reported net sales changes by geography and to the company’s overall revenue performance in fiscal Q3 2026. FX effects are treated as a continuing macro exposure affecting near-term results.