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$K's sales from U.S. Morning Foods fell to $712MM in 4Q15 from $768MM in 4Q14, and that from U.S. Snacks slid to $750MM from $807MM. U.S. Specialty sales slid to $269MM from $280MM. On currency-neutral comparable basis, North America sales fell 0.4%, while Europe sales rose 1.6%. Latin America sales grew 45.3% and Asia Pacific sales rose 3.3%.
Apple ($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%."