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As of Oct. 2, 2015, $DHR held about $1.8Bil of cash and cash equivalents that were invested in highly liquid investment grade debt instruments with a maturity of 90 days or less with an approx. weighted average annual interest rate of 0.3%. Of this amount, $413MM was held within the U.S. and about $1.4Bil was held outside of the U.S.
Apple ($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%."