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$STJ 1Q15 10-Q: At 1Q15-end, total shareholders' equity was $3.88Bil vs. $4.24Bil at 4Q14-end. Total debt was $3.50Bil vs. $3.87Bil at 4Q14-end. Purchases of property, plant and equipment totaled $33MM vs. $46MM in 1Q14; reflects continued investment in product growth platforms.
Apple ($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%."