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$ASH unit Ashland Performance Materials said it is increasing price of its portfolio of unsaturated polyester resins, epoxy vinyl esters and gelcoats sold in Europe, the Middle East and Africa (EMEA) by 75 euros per ton effective March 15 or as contracts allow. This rise is primarily driven by continued escalation in costs for key raw materials.
Apple ($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%."