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$PYPL raised its 2016 revenue guidance to range of $10.75-10.85Bil from previous forecast of $10.5-10.7Bil. $PYPL narrowed its 2016 GAAP EPS outlook to $1.11-1.14 from $1.09-1.14 and its non-GAAP EPS projection to $1.47-1.50 from $1.45-1.50. $PYPL sees revenue to grow 16-17% at current spot rates and 19-20% on FX-neutral basis.
Apple ($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%."