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$FB 2Q15 PR: Cash and cash equivalents were $5,123MM at the end of 2Q15 vs. $4,384MM in 2Q14. CapEx was $549MM. Free cash flow was $1.33Bil. "This was another strong quarter for our community. Engagement across our family of apps keeps growing, and we remain focused on improving the quality of our services," said Mark Zuckerberg, CEO.
Apple ($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%."