Want to join the conversation?
$FDO 3Q15 PR: Segments: Net sales of Consumables increased 3.8% in 3Q15 and represented 74.2% of total net sales vs. 73.3% of net sales in 3Q14. Net sales of Discretionary categories (including apparel and accessories, home products, and seasonal and electronics) decreased 0.8% in 3Q15 to 25.8% of net sales vs. 26.7% of net sales in 3Q14.
Apple ($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%."