Apple during its last quarterly report was forced to admit that the strengthening of the dollar against other major currencies has undermined the real incomes of the corporation, as not all markets in time make adjustments in retail prices following the exchange rate fluctuations. Strong dollar hurts and other producers who are paid in dollars.
Among the clients of Taiwan's TSMC those accumulated so much, as reported by Bloomberg, that it had to think about the worsening outlook for revenue growth from the current 12%, and the stock price TSMC for five days reduced. Now the bulk of smartphone sales are concentrated in emerging economies, and strengthening of the dollar hurt. As well as China, sales of smartphones in real terms will grow by no more than 12%, although previously Citigroup analysts expected to see growth in this sector sales volumes by 21%.
From developed markets suffer Europe, where the local currency is significantly weakened against the US dollar. TSMC dependence on a few large customers greatly increases the risks of the company.