AAPL · Earnings call · 2026Q3T · Full report

FX / Currency Headwinds

Apple Inc. · 2026-11-02 · Importance 24 · Surprise 24

Foreign exchange was a significant headwind to Services growth, reducing the year-on-year growth rate by about 4 percentage points from the March to September quarter. Apple expects an additional sequential Services FX headwind of about 0.5 percentage point in the December quarter. Overall revenue also faced sequential FX headwinds of nearly 2 percentage points, according to the CFO.

Key facts

• Apple said foreign exchange was a significant 4-percentage-point headwind to the change in its Services year-over-year growth rate from March to September, with a further sequential headwind of about 0.5 percentage point expected in December.
• Apple's September-quarter revenue faced nearly 2 percentage points of sequential foreign-exchange headwinds.