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$A said its Life Sciences & Applied Markets Group (LSAG) delivered core revenue growth of 8% in 2Q16, led by strong demand in the pharma and food markets. About 3 percentage points of the 8% was because of a softer compare due to the timing issues from last year's US logistic center startup. LSAG's operating margin was 19%, up 320 BPs from 2Q15.
Apple ($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%."