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$CLX 4Q15 Call: GM increased 270 BP to 45.6%, reflecting 160 BP of cost savings, 110 BP of pricing benefit, and 100 BP from favorable commodity costs. These factors were partially offset by 80 BP of higher manufacturing and logistics costs. Selling and administrative expenses as a percentage of sales grew 2 points YoverY to 14.2%.
Apple ($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%."