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$BF.A 1Q16 PR: Diluted EPS for the quarter ended July 31, 2015 up 7% to $0.75 vs. $0.70 in the prior year period. Additionally, during the first quarter, the company repurchased a total of 2.4MM Class A & Class B shares for $227MM at an average price of $95 per share. The remaining share repurchase authorization as of August 26, 2015 totaled $765MM
Apple ($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%."