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$AEP 2Q15 Call: Residential sales were up 0.3% vs. 2Q14, largely coming from customer growth. YTD residential sales were down 2.2% vs. 2Q14, mostly due to weak normalized growth in 1Q15. Commercial sales were up 1.9%. Industrial sales grew 0.6% vs. 2Q14. Outside of oil & gas sectors, sales were down 3.2% from 2Q14.
Apple ($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%."