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Premium electrical vehicles maker $TSLA posted 1Q16 GAAP net loss of $282MM or $2.13 loss per basic share compared to net loss of $154MM or $1.22 loss per basic share in 1Q15. GAAP revenue was $1.15Bil in 1Q16, while non-GAAP revenue $1.60Bil. Non-GAAP net loss fell 34% sequentially to $75MM or $0.57 loss per share.
Apple ($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%."