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The largest U.S. solar company $FSLR reported a decline in 4Q15 earnings, hurt by lower net sales. Net income fell 15% to $164.13MM or $1.60 per share from $193.31MM or $1.90 per share a year ago. Net sales fell 6.5% YoverY to $942.32MM, mainly attributable to lower revenue from the Desert Stateline project.
Apple ($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%."