It no longer appears likely that Apple’s overseas earnings can be repatriated back to the United States at more favorable tax rates this year, as plans for tax reform–including deep cuts to health care spending aimed at enabling a huge tax cut–have been delayed. On the other hand, unsettling political news is also having an adverse affect on the US dollar, creating an unanticipated side effect: a more favorable currency exchange environment for Apple’s foreign earnings.

Source:: Apple Insider