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This Will Be Apple's Biggest Growth Driver Going Forward (Hint: It's not the iPhone)

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This Will Be Apple's Biggest Growth Driver Going Forward (Hint: It's not the iPhone) | NASDAQ. Worldwide smartphone shipments fell by more than 4% in 2018, and they're forecast to decline by another 2.2% this year, according to market intelligence company IDC, though the analysts see reason for hope that sales could return to growth in 2020. Fortunately for Apple investors, one of the company's growth segments looks poised to take up the slack from the iPhone for years to come. In its fiscal fourth quarter (which ended Sept. 28), Apple CEO Tim Cook said wearables -- which includes AirPods, the Apple Watch, and Beats products -- had a record quarter "in each and every market we track" and generated "well over 50% growth." In a note to clients on Monday, Daryanani estimated that the segment will maintain a compound annual growth rate of more than 20% over the next several years, accelerating Apple's growth "even if iPhone sales remain flat."

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VirnetX patent win against Apple vacated by U.S. appeals court

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Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. VirnetX patent win against Apple vacated by U.S. appeals court. (Reuters) - A U.S. appeals court on Friday set aside a jury's calculation that Apple Inc should pay $503 million for infringing on patents owned by licensing firm VirnetX Holdings Corp, setting the stage for another potential trial in a decade-old legal battle. In a partial victory for VirnetX, the U.S. Court of Appeals for the Federal Circuit left in place a Texas jury's finding that Apple iPhones infringed two VirnetX patents relating to secure communications technology.

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Apple Stock Could Soon Close in on $300

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With Apple(NASDAQ: AAPL) stock seeming to hit new highs every week in recent months, many investors are likely wondering whether shares are a buy, hold, or sell. This bullishness for the stock comes not long after Apple reported better-than-expected fiscal fourth-quarter results, thanks to improving iPhone sales trends and accelerated growth in its services and wearables, home, and accessories segments. Morgan Stanley analyst Katy Huberty, who has a $296 12-month price target for Apple stock, told CNBC on Wednesday that she believed the stock was "under owned" by the tech giant's biggest institutional shareholders. Fundamentals look good going into 2020. While it's impossible to know where shares will be one year from now, Apple's strong fundamentals relative to its valuation do suggest further upside for the stock is possible.

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Best Black Friday deals 2019 under $250

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CNET editors pick the products & services we write about. When you buy through our links, we may get a commission. Here's our updated list of headphones, game consoles and more from Walmart, Target, Best Buy, Amazon and Kohl's available now. This story is part of Holiday Gift Guide 2019, your source for the season's best gifts and deals, hand-picked by the experts at CNET. Got a bigger present in mind for someone special? Some great deals between $100 and $250 will be available in the lead up to Black Friday 2019 on Nov. 29, which is soon! So now's the time to make a list of all the deals you want to jump on. As in years past, big retailers including Walmart, Target, Best Buy, Amazon and Kohl's already have some good bargains ahead of Black Friday that you can pick up right now as well as other deals that start on or just before it.

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Apple AirPods Shipments Expected to Double to 60 Million in 2019

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The $249 AirPods Pro -- which offer noise cancellation and water resistance -- have surpassed expectations and demand for them is pushing Apple’s assembly partners against capacity and technical constraints, a person familiar with the matter said. The most advanced form of wireless headphones is called “true wireless,” defined by the absence of a wire not just between the headphones and the music source but also between the two earbuds -- and the AirPods are the category-leading example. AirPods shipments have dwarfed every alternative and the Beats Powerbeats Pro, another Apple product, also feature in the top 10 sellers. While Samsung Electronics Co.’s Galaxy Buds have emerged as a recognizable competitor, Apple moreover ranked as the most preferred brand for future purchases of true wireless headphones in the U.S., the researchers said. Total shipments of the AirPods Pro for the year will be determined by how well and how quickly the assemblers overcome the production challenges they currently face. If the overall AirPods range hits 60 million units in 2019 as is now expected, Apple should retain its 50% share of the true wireless market, which Counterpoint expects to surpass 120 million shipments for the year.

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Trade War Updates, Trump & Apple, Target Earnings & Buy This Chip Stock

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Trade War Updates, Trump & Apple, Target Earnings & Buy This Chip Stock. On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains discusses the latest U.S. and China trade war news, as well as President Trump’s Apple AAPL factory trip. We also dive into some retail earnings, including Target TGT, before we close with a look at why Applied Materials AMAT is a Zacks Rank #1 (Strong Buy) stock right now. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Nordstrom, Inc. (JWN) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report J. C. Penney Company, Inc. (JCP) : Free Stock Analysis Report Macy's, Inc. (M) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report To read this article on Zacks.com click here.

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Are Apple ETFs in for Trump Trade Ahead?

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The momentum has been pretty strong ahead of the holiday season as the iPhone maker advanced 9.4% in the past month versus a 4.5% uptick in the Nasdaq 100. Decent growth prospects, expectations of solid holiday season sales and encouraging product launches have been driving the stock this year in spite of the ebb and flow of trade tensions. Adding to the optimism, President Donald Trump said on Nov 20 that he is mulling over the exemption of the U.S. tariffs on imports of China-made Apple products from China. In May, Morgan Stanley analyst Katy Huberty estimated that a 25% tariff on the iPhone could result in a price increase of $160 for iPhone XS. And if Apple could swallow the taxes and refrain from raising prices, it could cause a 23% decline in its earnings per share in 2020. And forget price hike, Apple is already offering steep price discounts. So, if Trump exempts Apple products from tariffs as long as the trade tensions do not subside, Apple’s shares will likely enjoy new-found optimism. And the timing couldn’t be better than this as holiday bells are ringing.

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Apple Won't Tell Congress How Much Search Referral Revenue It Collects From Google

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Apple Won't Tell Congress How Much Search Referral Revenue It Collects From Google | NASDAQ. Amid broad antitrust scrutiny of giant tech companies, the House Judiciary Antitrust Subcommittee had sent letters in September to a handful of prominent names including Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). The committee asked for a detailed breakdown of how much Apple has received from Google each year since 2009 for the privilege of being the default search engine in Safari. Apple's search agreement with Google generates revenue based on referral traffic through the URL/search box on Apple's Safari browser. Although Google search is set as the default, this can be changed in settings on iPhone to another search engine, such as Yahoo!, Microsoft Bing and DuckDuckGo.

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Conde Nast's CEO Still Doesn't Know What to Think About Apple News+

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Conde Nast's CEO Still Doesn't Know What to Think About Apple News+ | NASDAQ. Roger Lynch has only been CEO of major magazine publisher Conde Nast for a little over six months, following Lynch's exit as CEO of Pandora Media in the wake of the music-streaming company's acquisition by SiriusXM earlier this year. Consumers have more choices than ever before as legacy distribution channels become antiquated and digital platforms have risen to prominence. As media companies start appealing to consumers more directly, the industry will see a sort of modern rebundling, in Lynch's view. When asked about Apple News+, which bundles hundreds of magazines together for $10 per month, Lynch replied:. Lynch also noted that he inherited the relationship, since he was appointed chief executive in April after Apple News+ had already launched in March. When asked whether or not Conde Nast could exit the partnership with Apple, the CEO declined to discuss specific terms other than saying that "over time we have options."

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The Zacks Analyst Blog Highlights: Apple, Comcast, NVIDIA, GlaxoSmithKline and Global Payments

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Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple Inc. AAPL, Comcast Corp. CMCSA, NVIDIA Corp. NVDA, GlaxoSmithKline plc GSK and Global Payments Inc. GPN. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. The Zacks analyst believes that the company is benefiting from strong growth in GeForce desktop and notebook GPUs, which is boosting gaming revenues. Solid momentum of its real-time ray tracing technology is also a positive.

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