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$UA 2Q15 Call: Net revenues increased 29% to $784MM. On a currency neutral basis, net revenues increased 31% for the period. Within our product categories, Apparel net revenues grew 23% to $515MM vs. $420MM in 2Q14; Footwear net revenues increased 40% to $154MM from $110MM in 2Q14. Accessories net revenue increased 39% to $83MM from $16MM 2Q14.
Apple ($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%."