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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.
Stock Market News for December 14, 2016
by Zacks Equity Research
Stock Market News for December 20, 2016
by Zacks Equity Research
Benchmarks eked out modest gains on Monday as investors snapped up tech behemoths including Microsoft, Apple and Amazon.
Facebook (FB) Introduces Group Video Chat in Messenger
by Zacks Equity Research
Facebook (FB) Messenger users can now engage in group video chat with up to 50 participants.
BlackBerry (BBRY) Incurs Narrower-Than-Expected Q3 Loss
by Zacks Equity Research
BlackBerry Limited (BBRY) posted third-quarter fiscal 2017 (ended Nov 30, 2016) adjusted loss of 1 cent per share, narrower than the Zacks Consensus Estimate of a loss of 4 cents.
Technology Stock Roundup: Alphabet Spins Off Waymo
by Sejuti Banerjea
Last week, Alphabet (GOOGL) spun off its self-driving car business, Cisco (CSCO) and Arista (ANET) saw some wins in their long-running patent infringement battles while Yahoo (YHOO) announced the biggest ever hack ever.
Amazon Announces Season Two of 'Just Add Magic'
by Zacks Equity Research
Amazon.com Inc. (AMZN) has scheduled season two of its prime-exclusive original kids series Just Add Magic to premiere on Friday, Jan 13 in the U.S. and the U.K.
Nokia Sues Apple for Patent Infringement in Europe & US
by Zacks Equity Research
Nokia Corporation (NOK) recently announced that it has sued Apple Inc. (AAPL) for patent infringement.
Microsoft Wins $927M Contract from Department of Defense
by Zacks Equity Research
Per a Reuters report, Microsoft Corporation (MSFT) has won a whopping $927 million contract from the United States Department of Defense (DoD).
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.
Neilsen Expands Watch Segment with Gracenote Acquisition
by Zacks Equity Research
Nielsen Holdings plc (NLSN) accelerated its audience measurement efforts with Gracenote buyout. The company will purchase Gracenote from Tribune Media Company (TRCO) for $560 million cash.