Want to join the conversation?
$WBA's largest sales segment Retail Pharmacy USA posted 1Q16 sales of $20.4Bil, up 4.2% from 1Q15. Comparable stores sales rose 5.8%, while comparable retail sales dipped 0.6% due to a decrease in unprofitable promotions & transitioning of seasonal items. Sales for Retail Pharmacy International were $3.5Bil & Pharmaceutical Wholesale were $5.8Bil.
Apple ($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%."