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$WDC 4Q15 PR: For FY15, achieved revenue of $14.6Bil and net income of $1.5Bil, or $6.18 per share vs. FY14 revenue of $15.1Bil and net income of $1.6Bil, or $6.68 per share. Non-GAAP FY15 net income was $1.8Bil, or $7.76 per share vs. FY14 net income of $2Bil, or $8.10 per share.
Apple ($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%."