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$V said that in 1Q16 U.S. credit grew 9% YoverY, moderating 1 percentage point vs. 4Q15 as the positive effects of the chase conversion have lapsed. The U.S. debt grew 1% YoverY, up one percentage point benefiting from some interlinked gains. Underlying growth in U.S. payments in both debt/credit remained very stable over the past several quarters.
Apple ($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%."