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Apple closes historic 2019 for Services offerings with double-digit App Store growth
App Store customers spent a record $1.42 billion between Christmas Eve and New Year’s Eve -- a 16% year-over-year rise
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NASDAQ:AAPL
Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories and sells a variety of related services. The company's product categories include iPhone, Mac, iPad and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS and tvOS. Apple's services include advertising, AppleCare, cloud services, digital content and payment services.
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App Store customers spent a record $1.42 billion between Christmas Eve and New Year’s Eve -- a 16% year-over-year rise
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Over the course of last year, Apple shares added an impressive 86%
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S&P 500 Index closed up 0.84% while the Nasdaq Composite closed up 1.33%.
Apple partnered with PlayNetwork Inc, which provides in-store music and entertainment to retail stores, restaurants and hotels
Analyst Daniel Ives said Apple can expect strong iPhone growth heading into 2020
The tech behemoth offers the promise of original content backed by some big-name personalities such as Oprah Winfrey and Jennifer Aniston
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Footsie closed down 82.40 points at 7,248.38 on Thursday, while US stocks were also down
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The iPhone maker’s revenue clocked in at $64 billion despite a 9% year-over-year dip in iPhone sales
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Wall Street analysts expect Apple to report earnings-per-share of $2.84 on revenues of $62.9 billion
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The trillion-dollar company's target price was hiked from US$260, with a ‘buy’ rating maintained on the stock
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Wall Street investment bank Raymond James also raised its price target on Apple to $280 from $250 per share citing strong iPhone sales
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The production boost would add up to 8 million units to what the Cupertino, California-based company had initially planned on
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The firm bolstered its price target to $265 from $243 and maintained its Overweight rating
Apple hopes showing its films in theaters will lure big-name directors and producers to its projects, according to a Wall Street Journal report
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Apple's launch in China came a day after Huawei revealed a new phone series of its own
Analysts at Wedbush estimate that 60 million to 70 million iPhones in China are currently in the "window of an upgrade opportunity"
Apple’s appeal to the General Court came after the EU executive in 2016 said the tech giant benefited from illegal Irish state aid
The investment bank said that lower pricing was the main surprise from Apple’s annual fall product event
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The tech giant said Apple TV+ will be available in 100 countries and buyers of an iPhone, iPad or Mac will get a free year of streaming television
The investment bank's analysts estimate that quarter-to-date through August, the Apple App Store has generated $2.9 billion in net revenue