Want to join the conversation?
$EA FY15 10-K: North America net revenue was $1.956Bil vs. $1.51Bil in FY14. International net revenue increased 24% to $2.559Bil, or 57% of total net revenue, vs. $2.065Bil, or 58% of total net revenue in FY14. US revenue represents over 99% of total North America net revenue. Approx. 58% of net revenue was derived from top 10 customers.
Apple ($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%."