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$AN said that 2Q16 SG&A as a percentage of gross profit was 69.5%, which was relatively flat vs. 2Q15. The company continues to focus on expense discipline and has aligned its cost structure to the plateauing industry environment. The provision for income tax was $71MM or 38.8% and net new vehicle floorplan was a benefit of $13.2MM, down from 2Q15.
For the past few years, $AAPL has been buying domains with the iCloud name. According to a report from TechCrunch, the latest acquisition was of the domain name iCloud.net.
$AAPL just released the first look of its $5 billion Cupertino campus, now named Apple Park. Take a look.
Looking forward to the first $TSLA earnings after SolarCity acquisition.