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$IDTI said that 4Q16 bookings were strong and the company's book-to-bill ratio was solidly over 1. The company said that non-GAAP OpEx was $65.1MM or 34.4% of revenue. Of this, R&D expense was approx. $36.2MM and SG&A was $28.9MM. Operating margin was 27.4% and $IDTI is on track to return operating margin to its target of 30%.
Apple ($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%."