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$URI 2Q15 Q&A: Steven of UBS: Was there any more caution or conservatism this time or different analytical work. Bill, CFO: We said about a 0.5%, could it be 0.4% or 0.3%, could it be 0.6% or 0.7%. So it's fair to say that was influenced by the experience & we don't want to be in a position of missing this time to be brutally honest about it.
Apple ($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%."