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$R 2Q15 Call: Used vehicle inventory held for sale was 5,900 vehicles, down from 6,300 vehicles in 2Q14 and 100 vehicles above 1Q15. Used vehicle inventory is at the low end of target range of 6,000-8,000 vehicles. Pricing from used vehicles was strong for tractors and trucks. Proceeds from vehicles sold up 10% for tractors and up 11% for trucks.
Apple ($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%."