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$TROW 2Q15 PR: Net Revenues of $1,072.4MM compared to $984.3MM in 2Q14. Net Income of $333.2MM compared to $305.8MM in 2Q15. Operating income was $507.8MM vs. $473.1MM in 2Q14. Net cash inflows after client transfers into mutual funds of $1.4Bil include net inflows of $1.5Bil into fixed income funds &$0.4Bil into the stock & blended asset funds.
Apple ($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%."