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$DO's operating income for 3Q15 increased $91MM vs. 3Q14, primarily due to the absence of a $109.5MM impairment loss recognized in 3Q14. This was partially offset by higher depreciation expense of $9.2MM in 2015. As of Oct. 1, 2015, $DO's contract drilling backlog was approx. $5.7Bil; only approx. $0.5Bil is expected to be realized by end of 2015.
Apple ($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%."