In the U.S., Apple is in the doldrums. In New Zealand, it's doing just fine

Friend-of-the-blog John Butt writes from Wellington, NZ:

I have said a few times that APPL price in USD is only a partial story, shareholders include large international Indexes and Funds, especially from UK and Australia.  I have noticed that our New Zealand dollar value has been quite static over the last few weeks so produced this to understand it better...

As you can see, for the UK, the current price is about what it was on Jan 3rd.  While the USD price is down under 85%.  Some may be selling at the top -- we sold some.

My take: Eye-opening fever chart. I hadn't realized how different Apple's share price looks on the other side of the world.

3 Comments

  1. Fred Stein said:
    Great to see the chart.

    Referring to the Fast Money chat posted earlier: No big deal if AAPL breaks down through $150. It will bounce back quickly, because of the performance of Apple, the anti-fragile, and the USD, brings back investors here and abroad. Many buy incrementally, and never sell.

    3
    September 25, 2022
  2. Neal Guttenberg said:
    The chart is very eye opening for another reason besides the share price. One other thing to watch more closely when Apple reports earnings will be how well they are doing where there is significant pricing issues related to the strength of the US dollar. Not that investors don’t watch this already. But it may become more of an issue depending on the state of the world economy. Margins may be affected more on foreign sales depending on whether Apple adjusts the price of their offerings outside of the US.

    1
    September 25, 2022
    • John Butt said:
      Prices are up here in NZ, but I don’t keep or have data on sales.

      0
      September 25, 2022

Leave a Reply