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$KING 2Q15 PR: Three King games were top 10 grossing games in the US on one or both of the Apple and Google Play stores in the past six quarters. 3Q15 gross bookings are expected to be $460MM to $485MM. The Company anticipates EBTIDA margin in the mid 30s for 3Q15, reflecting increased marketing investments for the new game launches.
Apple ($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%."