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Zacks News
Apple’s business primarily runs around its flagship iPhone. However, the Services portfolio that includes revenues from cloud services, App store, Apple Music, AppleCare, Apple Pay, and licensing and other services now became the cash cow. Moreover, non-iPhone devices like Apple Watch and AirPod gained significant traction. In fact, Apple dominates the Wearables and Hearables markets due to the growing adoption of Watch and AirPods. Solid uptake of Apple Watch also helped Apple strengthen its presence in the personal health monitoring space.
Here's Why InvenSense (INVN) is Skyrocketing Today
by Madeleine Johnson
On Friday, shares of motion-sensing chip company InvenSense Inc. (INVN) are skyrocketing, up around 27% in afternoon trading on rumored acquisition talks.
Don't Fear China: 5 Tech Stocks Headed for a Strong 2017
by Sejuti Banerjea
5 technology stocks to beat China market concerns.
Michigan Becomes First State To Regulate Self-Driving Cars
by Ryan McQueeney
Michigan Governor Rick Snyder signed a series of bills related to self-driving cars into law on Friday, making the state most-associated with the American auto industry the first to regulate autonomous vehicles.
Should Apple (AAPL) Investors Worry About Watch Sales?
by Zacks Equity Research
Analysts lament that Apple Inc. (AAPL) CEO Tim Cook's "reassurance" about the performance of Apple Watch once again is ineffective in the absence of any actual sales data released by the company.
3 Stocks That Propelled the Dow to a Fresh All-Time High
by Swarup Gupta
Analyzing the reasons behind these gains could help us in ascertaining whether they are sustainable.
Stock Market News for December 08, 2016
by Zacks Equity Research
The Trump induced rally continued to boost major benchmarks to finish at all-time record highs on Wednesday offsetting the decline in healthcare stocks.
Zillow Group (ZG) Declares Pricing of $400M Senior Notes
by Zacks Equity Research
Zillow Group, Inc. (ZG) announced the pricing of convertible senior secured notes worth U.S. $400 million.
Can Pandora (P) Turn its Fortune Around with New Service?
by Zacks Equity Research
Amid takeover rumors, Pandora Media Inc. (P) has announced a new on-demand streaming service, Pandora Premium. Reportedly, the new service, expected to be launched in early 2017, carries a price tag of $10.
Stock Market Roundup Dec. 7: Stocks Gain Despite Biotech Sell-Off
by Madeleine Johnson
The major indexes were up across the board on Wednesday, despite a massive sell-off in the biotechnology sector initiated by a new promise from President-elect Trump that he will be targeting drug price hikes.
Synopsys Begins $100M Accelerated Share Buyback Program
by Zacks Equity Research
Synopsys Inc. (SNPS) recently announced that it is going to buy back $100 million worth of its common stock under an accelerated share repurchase (ASR) agreement with Wells Fargo Bank NA.
Apple Music Achieves 20 Million Paying Subscribers
by Madeleine Johnson
On Wednesday, Apple's SVP of Internet Software and Products Eddy Cue told Billboard that the company's highly successful music streaming platform Apple Music has hit the prestigious 20 million paying subscribers mark.
What to Expect When VeriFone (PAY) Reports Q4 Earnings?
by Zacks Equity Research
VeriFone Systems, Inc. (PAY) is set to report results for the fourth quarter of fiscal 2016 on Dec 12.
Apple (AAPL) iPhone Batteries Reportedly Explode in China
by Zacks Equity Research
It seems that now Apple Inc. (AAPL) is facing the same safety issues as its rival Samsung, as eight iPhone 6 handsets have reportedly exploded in China.
Zacks Earnings Trends Highlights: Apple and Facebook
by Zacks Equity Research
Zacks Earnings Trends Highlights: Apple and Facebook
Apple (AAPL) Faces a Setback as SCOTUS Favors Samsung?
by Zacks Equity Research
Things did not go Apple Inc.'s (AAPL) way as the U.S Supreme Court ruled in favor of its rival, Samsung Electronics, in a design infringement lawsuit that has been going on for quite some time now.
Tech Stock Roundup: Stocks React to Trump Promises
by Sejuti Banerjea
Apple (AAPL) was rumored to produce fewer iPhones, Intel (INTC) announced the creation a new Auto unit and Amazon (AMZN) hosted a huge re:Invent conference even as the sector slumped in anticipation of Trump-inspired regulatory changes.
Company News for December 06, 2016
by Zacks Equity Research
Companies in the News are: AAPL,FRP,CNSL,AMZN,HLT
Zillow Group (ZG) Announces $400M Senior Notes Offering
by Zacks Equity Research
Zillow Group, Inc. (ZG) aims to price $400 million aggregate principal amount of Convertible Senior Notes due to mature in 2021.
Apple CEO Claims Record Watch Sales in First Holiday Week
by Zacks Equity Research
As per Apple's (AAPL) CEO Tim Cook's response to a Reuters mail, Apple Watch has hit record sales in the first week of holiday shopping based on the number of units sold to consumers.
Earnings Growth to Stay Positive in Q4
by Sheraz Mian
The positive earnings growth from the Q3 earnings season is expected to continue in the current period as well.
Earnings Growth to Stay Positive in Q4
by Sheraz Mian
The positive earnings growth from the Q3 earnings season is expected to continue in the current period as well.
Pandora (P) Surges on Merger Speculation with Sirius (SIRI)
by Zacks Equity Research
Shares of Pandora Media Inc. (P) were up over 16% on Friday after Bloomberg reported that Sirius XM Holdings Inc. (SIRI) has made a fresh offer to acquire music streaming services provider.
The Pebble Crumbles: Are Smartwatches Just a Fad?
by Sejuti Banerjea
Rumor has it that Fitbit (FIT) is buying smart watch maker Pebble for a paltry sum that could be as low as $34-40 million.
4 Tech ETFs Losing the Least in Thursday's Brutal Trading
by Zacks Equity Research
Tech ETFs that lost less than 1% in the horrendous trading seen on December 1.
Here's Why Pandora (P) Stock Is Soaring Today
by Ryan McQueeney
Shares of internet radio pioneer Pandora (P) gained nearly 10% in morning trading Friday after reports surfaced that the company was now open to selling itself to former suitor SiriusXM (SIRI).