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$R is revising its full-year 2016 GAAP EPS forecast to $5.49-5.64 from a prior forecast of $5.79-5.99. Full-year 2016 comparable EPS forecast has been revised to $5.90-6.05 from a prior range of $6.10-6.30. For 3Q16, the company is establishing a GAAP EPS forecast range of $1.57-1.64 and a comparable EPS forecast range of $1.65-1.72.
Apple ($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%."