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  • Apple’s New Products May Help the Stock, but Services Matter Most Heading Into Fiscal 2026

    Apple’s New Products May Help the Stock, but Services Matter Most Heading Into Fiscal 2026

    • Apple’s latest iPhones and wearables refresh the lineup, but the higher-margin services business is doing the real heavy lifting.

    • Services now account for close to one-third of the tech giant’s revenue, with materially higher margins than hardware.

    • The stock’s premium valuation means the investment case hinges more on services compounding than on any single product cycle.

    • 10 stocks we like better than Apple ›

    Apple (NASDAQ: AAPL) shares have been choppy around this week’s product event as investors parse what the iPhone 17 family, a new ultra-thin iPhone Air, and updated wearables mean for demand this holiday season. The Cupertino, California-based tech company refreshed its flagship devices with faster chips, display and camera upgrades, and new AirPods and Apple Watch devices.

    While keeping its lineup fresh is vital, the more important driver for the company (and the stock) going into fiscal 2026 is Apple’s services business, home to the company’s App Store, subscriptions, payments, advertising, iCloud, and more. It is growing faster than hardware, carries far higher margins, and is steadily representing a bigger slice of Apple’s profit. Yes, product cycles may sway the stock day to day, but the steady drumbeat of services growth is what can sustain earnings growth and support the stock’s premium valuation over time.

    Image source: Getty Images.

    Apple closed fiscal Q3 (the quarter ended June 28) with $94.0 billion in revenue, up 10% year over year, and earnings per share of $1.57, up 12%. Management highlighted a record for total revenue in the quarter ending in June, as well as an all-time high for services revenue.

    “Today Apple is proud to report a June quarter revenue record with double-digit growth in iPhone, Mac and Services,” CEO Tim Cook said in the earnings release, adding that Apple Intelligence features continue to roll out across its platforms. The company also noted its installed base reached a new all-time high across every product category.

    But services did the heavy lifting. The important segment’s revenue rose to $27.42 billion, up about 13% year over year, and represented roughly 29% of total sales for the period. More importantly for investors, Apple’s services carry structurally higher profitability. To this end, Apple’s services gross margin was about 76% in the quarter, versus roughly 35% for products. That spread explains why steady services growth can move overall earnings even when device cycles ebb and flow.

    Over the longer haul, services have clearly become a bigger piece of the pie. For the nine months ended June 28, 2025, services made up roughly a quarter of Apple’s total revenue — up significantly from fiscal 2019, when the segment accounted for less than 18% of sales.

    This rising contribution highlights how much more important recurring, high-margin services have become to the overall business. This trend should persist over the long haul. Sure, the mix will not move up in a straight line (blockbuster product launches can periodically push product revenue growth ahead of services), but the overall trend of services gradually taking a larger share of the company’s sales should persist.

    Investors are also watching closely to see whether Apple’s investments in artificial intelligence (AI) can become a catalyst for faster services growth. Features like Apple Intelligence and on-device AI enhancements, as well as tighter integration across iCloud, subscriptions, and the App Store, could deepen engagement and create new revenue streams.

    Apple has already signaled this push. Management said in its July earnings call that the company is significantly growing its investments in artificial intelligence. In addition, management said it’s making good progress on the development of a more personalized Siri, which is expected in 2026, underscoring how central AI is becoming to Apple’s long-term strategy.

    If successful, these initiatives may not only sustain services expansion but even accelerate its growth rate over time.

    This week’s event was certainly important for the stock. Such a robust suite of new products should help drive upgrades. Apple introduced the iPhone 17 Pro, starting at $1,099 — featuring the A19 Pro chip, design changes, and camera improvements — alongside the iPhone 17 lineup and the thin iPhone 17 Air. Additionally, AirPods Pro gained live translation and health-sensing features, and Apple updated its Watch models ahead of the holidays. These are meaningful refinements that keep the ecosystem fresh and even have the potential to nudge average selling prices higher.

    Ultimately, though, fiscal 2026’s story is likely to be written in services. The recurring, subscription-heavy nature of this segment, combined with Apple’s record installed base, creates a durable runway for growth. With services already accounting for close to a third of revenue and the majority of gross profit, incremental gains here can offset variability in hardware cycles and support continued earnings expansion.

    That is especially relevant given where the stock trades today. At a price-to-earnings multiple in the 30s, investors are paying for steady, high-margin earnings compounding — powered more by services than by any single iPhone feature.

    A key risk for the stock, of course, is tariff uncertainty. Additionally, competition in streaming, cloud storage, and advertising is intense. And if hardware demand underwhelms for multiple cycles, the knock-on effects to services growth could slow. But Apple’s financial position remains strong, with ample cash generation to invest in new services, support the ecosystem, and continue sizable buybacks and dividends. These dynamics — rising services revenue and significantly higher services margins — are the parts of the Apple story that matter most as investors look toward fiscal 2026.

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    Daniel Sparks and his clients have positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy.

    Apple’s New Products May Help the Stock, but Services Matter Most Heading Into Fiscal 2026 was originally published by The Motley Fool

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  • Eating breakfast later could impact mortality as we age: Study – NewsNation

    1. Eating breakfast later could impact mortality as we age: Study  NewsNation
    2. Meal timing trajectories in older adults and their associations with morbidity, genetic profiles, and mortality  Nature
    3. Meal Timing in Later Life May Matter for Health and Longevity  Mass General Brigham
    4. When you eat could add years to your life  CORDIS
    5. Why eating breakfast later could be bad for your health  Times of India

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  • Nepal’s major parties say dissolved parliament must be reinstated

    Nepal’s major parties say dissolved parliament must be reinstated

    Nepal’s major political parties have demanded the country’s president reinstates the parliament he dissolved following deadly anti-corruption protests.

    In a statement, eight parties – including the Nepali Congress, CPN-UML and Maoist Centre – said President Ram Chandra Poudel acted unconstitutionally.

    Poudel dissolved the House of Representatives on Friday upon the recommendation of newly appointed interim Prime Minister Sushila Karki – it was also a key demand from the protest movement.

    More than 50 people were killed in clashes with riot police during this week’s mass protests sparked by a ban on social media platforms. Karki was appointed after a deal was reached with protest leaders.

    Saturday’s statement demanding the reinstatement of the parliament was signed by the chief whips of the eight political parties.

    They argued the step taken by the president was unconstitutional and against the precedents set by Nepal’s judiciary.

    The dissolution of the parliament was a major demand by student leaders from the so-called “Gen Z” protest movement.

    But the eight parties say the protesters’ demands – including new elections announced for 5 March next year – should be addressed through an institution voted by the people.

    Later on Saturday, President Poudel urged all sides to show restraint and help conduct the elections.

    In a statement, he said a peaceful resolution was being achieved in a “very… difficult and scary situation”.

    “The constitution is alive, the parliamentary system is alive and the federal democratic republic still exists. People have an opportunity to move forward in the path of a more efficient democracy by conducting elections within six months,” the president said.

    Karki, a 73-year-old former Supreme Court chief justice and the first woman to lead the impoverished Himalayan nation, was sworn in during a brief ceremony in the capital Kathmandu.

    She is expected to appoint ministers to her cabinet within a few days.

    She is widely regarded as having a clean image, and her leadership of the interim government is being supported by student leaders from the “Gen Z” movement.

    But her cabinet will face multiple challenges, including restoring law and order, reconstructing parliament and the other key buildings that were attacked, reassuring the Gen Z protesters who want change – and others in Nepal who are fearful its young democracy and constitutional order could be derailed.

    Another key task will be to bring those responsible for violence to justice.

    Nepal is gradually returning back to normalcy after the worst unrest in decades.

    Nepal’s soldiers – who had been deployed to patrol the streets of Kathmandu – returned to their bases after Karki took the oath of office.

    The protests were triggered by the government’s decision last week to ban 26 social media platforms, including WhatsApp, Instagram and Facebook – but they soon widened to embody much deeper discontent with Nepal’s political elite.

    In the weeks before the ban, a “nepo kid” campaign – spotlighting the lavish lifestyles of politicians’ children and allegations of corruption – had taken off on social media.

    And while the social media ban was hastily lifted on Monday night, the protests had by that stage gained unstoppable momentum.

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  • Christian Siriano Spring 2026 Ready-to-Wear Runway, Fashion Show & Review

    Christian Siriano Spring 2026 Ready-to-Wear Runway, Fashion Show & Review

    For curious onlookers hoping to get in on the fashion week hullabaloo, Christian Siriano was almost the miracle on 34th Street.

    As the new creative director of Macy’s’ private label I.N.C., his show was supposed to parade outside of its flagship at Herald Square but was moved inside at the last minute — so goes public event planning in New York City. “But you know what?” offered an ebullient Siriano. “This is exactly what I really wanted.” 

    What he really wanted was something “salon-style,” and he delivered. Plush bone carpeting blanketed the lower accessories level, with mounds of white hydrangeas trellising the matching drapes. “When you walk in, you feel like you’re in a dream world, somewhere else for 20 minutes.” 

    That’s the magic of Macy’s and all department stores and, for under half an hour, Whoopi Goldberg, Oprah and Lizzo were whisked into an Old Hollywood film noir starring Marlene Dietrich reimagined through Siriano’s ‘80s arch glamour lens.

    Coco Rocha hammed it up in the opener, looking like career Barbie with her flying saucer hat and an exaggerated skirt suit in clashing stripes and polka dots. The latter is shaping up to be a major trend in New York and velvet ones decorated enormous loofa-like taffeta poufs, erupting from just about every part of the human anatomy. “It’s a lot of shapes,” quipped Siriano.

    Sinuous gowns in laminated lace and metallized silk were more Oscar-worthy, especially one in white chiffon with crystals lining the boned corset. For the guys, a corseted tuxedo jacket with tails that swept the floor was equally winning. 

    Corsetry also inspired Siriano’s take on I.N.C.’s signature black blazer, celebrating 40 years. Spliced into pieces and with oversize shoe laces tying it together, it was modeled by Ava Claire and will be auctioned off, with the proceeds going to the CFDA.

    Apart from I.N.C., Siriano tied up with Capri Sun for a silver clutch bag with beaded orange and cherry fringe and the newly minted Humane World for Animals on a maxi coat look printed with an entire zoo.

    While these felt gimmicky, bursting the fantasy bubble, what brought you back to the land of Oz were jolts of teal, lavender and hot pink after 51 turns in black-and-white. Siriano said: “The whole thing ends as if somebody turned on the color.”

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  • European football: Juventus’s Vasilije Adzic snatches thrilling win over Inter | European club football

    European football: Juventus’s Vasilije Adzic snatches thrilling win over Inter | European club football

    Juventus snatched a dramatic 4-3 win at home to Inter, with Vasilije Adzic netting a stunning added-time winner in a game in which a Thuram brother scored for each side, but Napoli stayed top with a 3-1 win at Fiorentina.

    In Turin, Juventus took the lead in the 14th minute through Lloyd Kelly. Inter equalised on the half-hour mark with Hakan Calhanoglu’s strike but Juventus were back in front thanks to Kenan Yildiz eight minutes later.

    Calhanoglu scored another in the 65th minute to draw Inter level again and 11 minutes later Marcus Thuram’s header from a corner put the away side in front, but his brother, Khéphren, headed in from a free-kick eight minutes from the end to pull Juve level.

    With the game heading for a draw, the substitute Adzic smashed home the winner from distance to put Juventus on nine points, three ahead of Napoli, Cremonese and Roma who all have a game in hand. Inter remain on three points.

    Khéphren Thuram heads Juventus level after his brother Marcus had given Inter a 3-2 lead. Photograph: Alberto Lingria/Reuters

    Napoli strolled to a comfortable win in Florence, with Rasmus Højlund scoring on his debut as the defending champions continued their perfect start to the season.

    The visitors went ahead in the sixth minute, with Kevin De Bruyne converting from the spot, and Højlund’s debut goal doubled Napoli’s lead eight minutes later. Sam Beukema tapped in from close range six minutes after the break to make it 3-0. Napoli concede a first goal of the season when Luca Ranieri pulled one back for Fiorentina with 11 minutes left.

    Højlund, on loan from Manchester United, told Sky Sport Italia: “I’m very happy with the goal. Today we won an important match, and I’m really glad I scored and to be part of this incredible team.”

    In Spain, Kylian Mbappé scored and provided the assist for Arda Guler as Real Madrid weathered a second-half storm to beat Real Sociedad 2-1, maintaining their perfect La Liga start despite playing most of the match with 10 men.

    The visitors got off to a flying start with Mbappé opening the scoring from a quick counter in the 12th minute, but their task became significantly harder when Dean Huijsen was shown a straight red card after the half-hour mark for hauling down last man Mikel Oyarzabal.

    Despite their numerical disadvantage, Real Madrid doubled their lead just before half-time when Guler scored from close range following a great run by Mbappé who brilliantly put the ball on a plate for the Turkish midfielder inside a crowded box.

    Real Sociedad pulled one back through Oyarzabal from the penalty spot in the 56th minute after a handball by Dani Carvajal, but the visitors held on for a hard-fought victory that keeps them top of La Liga with 12 points from four matches three ahead of Athletic Bilbao, who lost 1-0 at home to Alavés, and Getafe, who beat Oviedo 2-0. The defeat leaves winless Real Sociedad in 17th place with two points, one spot above the relegation zone.

    Atlético Madrid finally got their season up and running, with Pablo Barrios and Nico González on target in a 2-0 home victory over Villarreal that delivered a first win of the campaign.

    Harry Kane scored twice as Bayern Munich dismantled promoted Hamburg 5-0, to make it three wins from three Bundesliga games to stay top.

    The champions, who host Chelsea in the Champions League on Wednesday, scored four times in the opening 29 minutes to put the game to bed. Hamburg have now conceded 55 goals in their last nine trips to the Bavarian capital.

    Harry Kane fires home his second goal to seal a 5-0 win for Bayern Munich. Photograph: Angelika Warmuth/Reuters

    Hamburg, back in the Bundesliga after a seven-season spell in 2. Bundesliga, were behind after three minutes when Serge Gnabry drilled in from a tight angle. Aleksandar Pavlović doubled their lead six minutes later before a 26th-minute Kane penalty made it 3-0. Luis Díaz also got on the scoresheet with a deflected effort another three minutes later.

    Bayern, who host Chelsea in the Champions League on Wednesday, took their foot off the gas after the break but still scored again, with Kane bagging his fifth league goal just after the hour mark before Michael Olise hit the woodwork late in the game.

    Vincent Kompany, Bayern’s coach: said: “There are no easy matches. You have to carve out that momentum. We have played ourselves into a good position, not only against Hamburg, and we are going into the next game which is again at home, with a lot of confidence.

    “It worked well in the first half and in the second half we controlled the game and scored another goal. I am happy with the result. Clean sheet, five goals scored, a great feeling, great atmosphere.”

    Borussia Dortmund cruised to a 2-0 win away to a Heidenheim side who played most of the game with 10 men.

    Heidenheim had Leart Paqarada taken off with a knee injury after seven minutes. To make matters worse Budu Zivzivadze was dismissed in the 21 minute for a late tackle on Felix Nmecha.

    It was only a matter of time until Dortmund scored and Serhou Guirassy put them in the lead, heading in at the far post in the 33rd minute to score in his eighth consecutive league game. Dortmund made sure they went into the break with a two-goal cushion after Maximilian Beier tapped in a Karim Adeyemi cutback in first-half stoppage time.

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  • Real Housewives star Anne Batley-Burton trades TV spotlight for local politics bid

    Real Housewives star Anne Batley-Burton trades TV spotlight for local politics bid

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  • Why stocks keep going up even as the economy softens – The Washington Post

    1. Why stocks keep going up even as the economy softens  The Washington Post
    2. Wall Street is booming, but most Americans still feel like the economy is in a recession  Mitrade
    3. Stock market’s relentless rally threatens to turn into a ‘melt-up’. What’s next.  MarketWatch
    4. Here are two possible market risks Goldman Sachs sees in the economic outlook  Investing.com
    5. Stocks are at record highs, but it doesn’t really feel like it. Blame the ‘vibe-spansion’? [Video]  AOL.com

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  • Belgium prime minister attends concert of Israeli conductor axed by festival | Belgium

    Belgium prime minister attends concert of Israeli conductor axed by festival | Belgium

    Belgium’s prime minister, Bart De Wever, has said he attended a concert by a German orchestra that was uninvited from a Belgian festival to show support for its Israeli conductor.

    The cancellation of a planned performance at the Flanders festival Ghent by the Munich Philharmonic over concerns about its Israeli future chief conductor, Lahav Shani, has triggered a storm of criticism and accusations of antisemitism.

    De Wever, who had already criticised the move, said he travelled to the German city of Essen on Saturday to “strongly condemn” the decision, and express his appreciation for Shani in person.

    “There will never, ever be any room for racism and antisemitism in this country,” he wrote on X, alongside a photo of himself shaking hands with Shani in a concert hall.

    “I insisted on conveying this message to him personally and expressing my appreciation for his contribution to the power of music.”

    The Ghent festival organisers said this week they had decided to scrap the performance because Shani had not “unequivocally” distanced himself from Israel’s government, whose war in Gaza has triggered international uproar.

    The move has drawn criticism, including from Germany and Israel.

    On Friday, the Berlin Philharmonic said it had extended a short-notice invitation to the Israeli conductor to perform at a festival in the German capital next week, in what the German government described as “a wonderful sign” of support.

    Shani, 36, who officially takes over as conductor of the Munich orchestra for the 2026/27 season, is currently music director of the Israel Philharmonic.

    Israel launched its retaliatory offensive in the Gaza Strip following Hamas’s 7 October 2023 attack on Israel.

    The catastrophic humanitarian conditions in Gaza as a result of Israel’s campaign and continuing blockade have fuelled widespread public anger in Europe, although the region’s governments have been divided on how to respond.

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  • Chinese auto market: Govt unveils plan to ‘stabilise’ sector; emphasis on ‘cost surveys and price monitoring’

    Chinese auto market: Govt unveils plan to ‘stabilise’ sector; emphasis on ‘cost surveys and price monitoring’

    China rolled out a two-year plan aimed at easing turbulence in its car industry, where aggressive price cuts and trade disputes have weighed heavily on growth.State news agency Xinhua said the programme, covering 2025 and 2026, was issued jointly by eight government departments. It places emphasis on “cost surveys and price monitoring” while urging carmakers to step up innovation and stimulate home demand.The sector is expected to see sales of about 32.3 million vehicles this year, a rise of 3%. That is slower than the 4.5% expansion recorded in 2024, according to data from the China Association of Automobile Manufacturers.Beijing has funnelled significant funds into the electric vehicle sector, hoping to position the country as a global leader. The new plan sets an ambitious target of 15.5 million new energy vehicles to be sold in 2025, representing 20% year-on-year growth.Yet the industry is under pressure from a cut-throat price war. Cheap models and trade-in deals have flooded the market, pushing many smaller firms out of business. At a meeting in July, officials urged carmakers to abandon “irrational competition” in favour of healthy development.China’s drive to export more vehicles is also meeting resistance. The EU launched a probe in 2023 into possible unfair competition in the sector, and this week Mexico announced plans to hike tariffs on Chinese car imports to 50% from the current 15–20%, a decision that sparked an angry response from Beijing.


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  • Ange Postecoglou says he “cannot afford to waste time” at Nottingham Forest

    Ange Postecoglou says he “cannot afford to waste time” at Nottingham Forest

    Postecoglou’s first game in charge of Nottingham Forest has to be assessed in a measured fashion given he is one week into the job and facing an Arsenal side almost six years into their project.

    The Australian has had limited time to put his stamp on this Forest side but a few differences were evident pointing to the direction Postecoglou might look to take Forest.

    The most obvious was starting with a back four. It appears the 4-4-1-1 that Postecoglou has deployed across his career is to be maintained.

    Stylistically, Forest aimed to build in a slower fashion – looking to establish territory higher up the pitch, rather than playing the more direct, counter-attacking style that was successful last season. Data from Opta showed that their ‘direct speed’ – how quickly they move the ball from defence to attack – was their joint-lowest for a game in the league since the start of last season.

    Out of possession, they set up in what looked like a 4-2-3-1 shape and defended in a man-marking fashion. We will have to see more from Postecoglou to know if this man-to-man approach defensively is something they persist with or if this was specific to Arsenal given their quality and rotation-heavy style.

    Nuno by comparison tended to set Forest up in a zonal fashion (meaning each player defended specific zones, rather than following individual players) but did use a man-to-man defence at times against the league’s top teams.

    Forest’s defensive line was set higher up the pitch than under Nuno, but they were punished for this with Gyokeres’ strike. Arsenal exploited a long pass over the top of the defence for Eze to run on to as Forest failed to apply pressure on the passer. Naturally, Forest’s collective understanding of when to push up and apply pressure will improve with time.

    Lastly, the biggest difference between Postecoglou’s tactics today with how he has set up his teams at previous clubs was the use of full-backs. In build-up, Forest played in a fairly standard 4-3-3 shape with full-backs starting in wide positions rather than inverting into midfield as has been the norm in his sides. Was this a short-term tactic given the lack of preparation time?

    It is difficult to make any definitive conclusions based on a single game in Postecoglou’s first week in charge; however there were numerous new ideas at play against Arsenal that may become more evident in upcoming weeks.

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