Want to join the conversation?
$UA 2Q15 Call: Global Direct-to-Consumer net revenues increased 33% for 2Q15, which represented approx. 32% of net revenues. From International net revenues, which represented 11% of total net revenues for 2Q15, grew 93% YoverY. From our global standpoint, ended 2Q15 with 160-owned stores including 239 factory house stores & 21 brand house stores.
Apple ($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%."