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$SPLS expects 1Q16 sales to decrease compared to 1Q15 and sees 1Q16 non-GAAP EPS of $0.16-0.18. For 2016, $SPLS expects to generate about $600MM of free cash flow excluding impact of payments associated with financing for acquisition of Office Depot. The company plans to close about 50 stores in North America in 2016.
Apple ($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%."