Want to join the conversation?
$PCLN said its gross bookings for 1Q16 rose by 20.9% YoverY, mainly driven by growth of 30.5% in accommodation room night reservations and growth of 10.9% in rental car day reservations. Conversely, $PCLN's airline ticket reservations fell by 7.2% due to a decline in priceline.com's retail and Name Your Own Price airline ticket reservations.
Apple ($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%."