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$APH narrowed its 2016 sales guidance to $6.08-6.20Bil from prior forecast of $6.04-6.20Bil. $APH also narrowed its 2016 EPS excluding one-time items outlook to $2.56-2.62 from previous estimate of $2.54-2.62. The latest sales guidance represents an increase of 9-11% over 2015 and EPS forecast represents a rise of 5-8% over 2015.
Apple ($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%."