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David Risinger of Morgan Stanley asks about BELBUCA sales. $ENDP said it has seen minimal revenue recognition from BELBUCA in 1H16 in the single digit level. Given the launch ramp expectations, the company expects the contribution in 2016 to be relatively modest. 2017 will be the first year of revenue contribution for BELBUCA.
Apple ($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%."