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By Andrew P. Napolitano
Fourth Amendment says Obama is not at liberty to collect metadata
Independent voices from the The Washington Times Communities
Topic - Tavis Mccourt
For the first time, the iPhone is growing even as it slims down. After sticking for five years to the same screen size, Apple on Wednesday revealed a new phone that's taller, and has a bigger display.
A Wall Street analyst on Monday set the highest price target yet for Apple Inc. shares, valuing them at $1,001 each, or about 62 percent more than their current price.
Apple is finally acknowledging that it has more money than it needs. But don't expect it to cut prices on iPhones and iPads. Instead, the company said on Monday that it will reward its shareholders with a dividend and a stock buyback program.
For decades, Motorola Inc.'s products told the story of the march of electronics into the hands of consumers: car radios in the 1930s, TVs in the 1940s and cell phones starting the 1980s.
"There was nothing unexpected in terms of the new features of the iPhone," said Tavis McCourt, an analyst with Raymond James.
Although Microsoft Corp., pays 2.5 percent of its stock price in dividends, and Hewlett-Packard Co. pays 2 percent, analyst Tavis McCourt at Morgan Keegan said Apple's dividend is relatively generous for a large technology company.