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For 2015, net income attributable to $MMM was $4.8Bil or $7.58 per diluted share, up 1.2% on a per diluted share basis from 2014. 4Q15 net income attributable to $MMM was $1Bil or $1.66 per share versus $1.1Bil or $1.81 per share in 4Q14. 2015 sales was $30.3Bil, down 4.9% from 2014. 4Q15 sales was $7.3Bil, down 5.4% from 4Q14.
Apple ($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%."