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$AMZN Free cash flow was $4,373MM vs. $1,039MM in 2Q14. Net cash provided by operating activities was $8,980MM vs. $5,327MM in 2Q14. 3Q15 guidance: Net sales are expected to be in $23.3-25.5Bil or up 13-24% vs. 3Q14. Operating income is expected to be $(480)- 70MM vs. $(544)MM in 3Q14.
Apple ($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%."