Want to join the conversation?
$ACE's property and casualty premiums written slid 0.4% to $4.22Bil in 3Q15, while global property and casualty premiums written rose 0.3% to $3.48Bil. Agriculture premiums written slid 3.5% to $737MM. Net investment income fell to $549MM from $566MM, on unfavorable currency movement and fall in call activity in corporate bond portfolio.
Apple ($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%."