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Paul Coster of JP Morgan asks for an update on 3Q16 sequential growth. $GPRO said it expects to have some channel sell later in 3Q16 on the new products as it goes to the holiday launch. The company did not divide the growth outlook between 3Q16 and 4Q16 as it looked at the whole year while estimating the guidance.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.