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$SIAL 1Q15 10-Q: Sales were $676MM for the three months ended March 31, 2015, a decrease of 2% vs. 1Q14. Excluding the changes in foreign currency exchange rates, which lowered sales by 8%, sales increased organically by 5% vs. 1Q14. Gross profit margin was 53% vs. 50.9% at 1Q14. Operating income margin was 25.9% vs. 25.3% at 1Q14.
Apple ($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%."