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$SWK 1Q15 10-Q: Net sales were $2,630MM vs. $2,617.1MM in 1Q14. Gross profit was $973.6MM, or 37% of net sales, vs. $956.4MM, or 36.5% of net sales, in 1Q14. Costs & expenses were $2,408.7MM vs. $2,399.2MM in 1Q14. Net earnings were $162.3MM, or $1.04 per diluted share, vs. $161.9MM, or $1.02 per diluted share, in 1Q14.
Apple ($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%."