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$COP 2Q15 Q&A: Paul of Barclays asked about 2Q15 cost saving run rate and future expectation. Jeff explains that we gave cost guidance of $9.2Bil. We are well along that path as what we're pointing out today and we're actually revised that $9.2Bil down to $8.9Bil. So we're going to continue to see that as we go through the year.
Apple ($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%."