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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST

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To: Donald Wennerstrom who wrote (76545)8/1/2017 8:34:57 PM
From: Donald Wennerstrom   of 95531
 
For what it is worth, CFRA likes AAPL.

CFRA MAINTAINS STRONG BUY RECOMMENDATION ON SHARES OF APPLE INC.

AAPL posts Jun-Q EPS of $1.67 vs. $1.42, beating the $1.57 consensus. Sales rose 7.2%, better than expected, on gross margin of 38.2%. IPhone sales grew 3.3%, on a 1.6% increase in unit shipments, benefiting from favorable comparables but we think hurt from consumers holding off on purchases ahead of AAPL's 10th anniversary launch.

We were most encouraged by an acceleration of Services growth, up 22%, driven by the App store and iCloud storage. We note iPad and Mac sales grew 2% and 7%, respectively.

While China sales fell 10%, we see revenue rebounding by calendar year-end.
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