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$TECH said total company adjusted gross margin was 70.1% in 4Q16, decreasing 70 BPs from the prior year. Strong volume leverage and productivity gains were more than offset by the lower margin Cliniqa acquisition and an unfavorable FX impact. Excluding the impact of acquisitions and FX, core gross margins improved 70 BP YoverY in 4Q16.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."