Apple iPhone 12 to launch without wired earbuds, wall charger in box

  • Apple’s iPhone 12 will not come with wired headphones in the box, nor will it come with a wall charger.
  • It will come with a USB C to Lightning cable, however.
  • The company made the announcement when unveiling its iPhone 12 lineup on Tuesday, and attributed the removal to environmental concerns.
  • The omission comes as Apple’s wireless AirPods have exploded in popularity in recent years, and the company moves to make its packaging more sustainable.
  • Visit Business Insider’s homepage for more stories.

Apple will no longer include its wired EarPod headphones in the box with its new iPhones, starting with the iPhone 12.

The company is also removing the wall charger from the iPhone’s box. Apple will include a USB-C to Lightning cable, however, which can be plugged into a computer or adapter for charging.

Apple executive Lisa Jackson announced the change Tuesday afternoon after announcing its new smartphone lineup. “It’s like removing 450,000 cars from the road per year,” she said.

The move will allow Apple to create smaller, more sustainable iPhone packaging.

It’s a major change from Apple’s history of including wired headphones with its wireless devices, going back to the iPod and continuing through to 2019’s iPhone 11. Even when Apple dropped the headphone jack from its flagship phones in 2016, the company continued including a version of its wired EarPods in the box with a lightning plug.

Those headphones won’t come in the box with this year’s iPhone, nor will a wall charger.

The move comes as Apple’s AirPods wireless earbuds have grown in popularity, becoming an increasingly critical part of the company’s product lineup. Apple’s wearables, home, and accessories category, which includes AirPods and other products like the Apple Watch, has become a highlight in Apple’s earnings reports during quarters in which iPhone sales have

Robin Hood foundation scores Wall Street support for nonprofits

CEO of The Robin Hood Foundation, Wes Moore, speaks during The Robin Hood Foundation’s 2018 benefit at Jacob Javitz Center on May 14, 2018 in New York City.

Kevin Mazur | Getty Images

One of Wall Street’s favorite charitable organizations has raised several million dollars to support a fund that invests in nonprofit groups run by people of color. 

The Robin Hood foundation’s Power Fund kicked off this summer as the coronavirus pandemic spread and amid nationwide protests sparked by the police killing of George Floyd on Memorial Day.  

Robin Hood funds over 200 poverty-fighting programs in New York City. It is led by Wes Moore, an author and former investment banker at Citigroup.

“I think part of the thing we’ve seen is that everything we’ve witnessed post George Floyd, these aren’t new things because of George Floyd,” Moore told CNBC. “I think that the conversations we’ve been able to have with — whether they be donors or CEOs of companies — is about the more we look into the patterns and practices that we had even prior to all this, the more it just highlights that we have to move with a sense of urgency.”

Robin Hood’s board is full of Wall Street leaders, including chairman John Griffin, who was once a hedge fund manager; and the group’s vice chair, Dina Powell McCormick, an executive at Goldman Sachs. David Solomon, Goldman Sachs’ CEO, is also a board member.

Robin Hood’s latest 990 disclosure form shows that it raised almost $140 million in 2018 through contributions and grants. The group raised nearly $130 million the prior year.

The Power Fund, which has raised over $6 million on top of the seed money provided by the Robin Hood Foundation, has moved to support five organizations including America on Tech, which runs

American Well Climbs – What Wall Street Is Saying

American Well AMWL shares jumped on Monday after coverage of the stock was initiated by a number of analysts four weeks following the Boston telehealth company’s debut on the New York Stock Exchange. 

Amwell shares were trading at $34.29, up 5%, at last check. Here’s what Wall Street is saying:

Morgan Stanley analyst Ricky Goldwasser initiated coverage of the stock with an equal weight rating and $35 price target, saying the company’s telehealth platform is poised to gain share within a “large and expanding” market.

UBS’s Kevin Caliendo initiated coverage of Amwell with a neutral rating and $29 price target. 

Caliendo says the neutral rating reflects the stock’s 81% climb since its IPO in mid-September. But the company has the potential to accelerate its growth above the estimated 27% revenue growth excluding acquisitions that Caliendo anticipates. 

Goldman Sachs initiated coverage of Amwell with a neutral rating and $31 price target. 

Analyst Robert Jones says American Well “is a leading telehealth vendor with a diversified customer base and a clear runway for recurring 20%-plus revenue growth, gross-margin expansion and representing one of the most top-of-mind themes in health care,” according to Bloomberg. 

Cowen’s Charles Rhyee initiated coverage of Amwell with an outperform rating and $41 price target, which is a 30-times multiple to his 2022 sales estimate of $333 million. 

“Telehealth is currently one of the biggest themes in health care, and … AMWL should benefit from its focus on providers, who we see being a key driver in the next leg of growth in telehealth,” Rhyee said, according to Bloomberg. 

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Wall Street’s top analysts are betting on buy-rated stocks like DraftKings and Etsy right now

Boosted by fresh stimulus hopes, the markets have rallied this week. But the overall picture remains one of volatility and uncertainty. As yet no stimulus deal has actually been agreed, and with so many different factors at play (with the coronavirus vaccines, and upcoming elections) it’s not easy to pinpoint stocks poised to outperform.



a police car parked in a parking lot: An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020.


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An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020.

One way to find the most compelling investing opportunities is to follow the latest stock recommendations from analysts with a proven track record of success. TipRanks analyst forecasting service attempts to pinpoint Wall Street’s best-performing analysts. These are the analysts with the highest success rate and average return measured on a one-year basis — factoring in the number of ratings made by each analyst. 

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What’s more all six stocks covered below don’t just have the support of one top analyst. These stocks all score a ‘Strong Buy’ Street consensus on TipRanks, based on all the top analyst ratings published over the last three months.

Here are the best-performing analysts’ six favorite stocks right now:

DraftKings

Five-star Needham analyst Brad Erickson has just initiated coverage of sports betting giant DraftKings. He kicked off his coverage with a buy rating and $70 price target.

“We view DKNG as one of the leading beneficiaries as online sports betting and gambling take off in the U.S. – an opportunity we size between $42 and $58 billion annually longer-term” the analyst stated on September 30.

Looking forward, he expects the regulatory tailwind to persist and believes online providers’ access to data creates a structurally better user experience vs. brick & mortar.

“Thanks to DKNG’s data-centric approach to customer acquisition and its leading brand & marketing approach, we believe the company could

Wall Street’s top analysts are unanimously bullish on stocks like Amazon and CarMax

How can you find compelling investing opportunities in the current environment? With market volatility set to rise in the coming weeks, it’s best to be prepared. October is a notoriously volatile month, and this week’s heated presidential election debate did little to calm the markets — especially with the looming prospect of a contested election result down the line.



a group of people standing in front of a screen


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However, there are still stocks out there ready to outperform — you just have to find them. One possible way forward is to follow stock recommendations from analysts with a proven track record of success. TipRanks analyst forecasting service reveals the analysts with the highest success rate and average return measured on a one-year basis — factoring in the number of ratings made by each analyst. 

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Most importantly, the stocks highlighted below have scored only buy ratings from these top analysts in the last three months. No holds, no sells. That means these stocks boast a unanimously bullish Street outlook right now.

Here are the best-performing analysts’ six favorite stocks right now:

Amazon

With no less than 36 recent buy ratings from top analysts, it’s clear that Amazon is riding a wave of bullish Street sentiment right now. After an upgrade from Bernstein’s Mark Shmulik on September 22, the stock scores a clean slate of buy ratings across the board.  

Shmulik boosted his rating after admitting that he “undervalued the power of being the sole e-commerce demand aggregator.” Covid has pulled forward secular trends, says Shmulik, from e-commerce to digital advertising and cloud, with Amazon a primary beneficiary across all three revenue pools. 

At the same time, Amazon’s logistics strength is a key upside driver worth highlighting. “We believe investors under-appreciate the magnitude of the strategy behind, & the implications of, the dramatic buildout in