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$OA lowered its 2016 revenue guidance to range of $4.45-4.5Bil from previous forecast of $4.575-4.65Bil. $OA narrowed its 2016 adjusted EPS outlook to range of $5.30-5.50 from prior range of $5.25-5.50, while now expecting GAAP EPS of $5.05-5.25. $OA lifted adjusted operating margin estimate to range of 11.5-12% from prior range of 11-11.5%.
Apple ($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%."