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Where to Invest Tech Dollars: Jacob Fund CEO

Friday, 26 Oct 2012 | 12:56 PM ET

Apple could be facing a "black hole" next year, as it pauses between refreshing its top-selling iPhone and iPad, Jacob Internet Fund CEO Ryan Jacob said Friday on CNBC.

On "Fast Money," Jacob said that the company should see earnings growth of 20 to 25 percent next year.

"Strategicially nothing's really changed with Apple," he said, adding that the recent dip in its share price was an opportunity.

Where to Invest Tech Dollars: Jacob Fund CEO
Jacob Fund CEO Ryan Jacob reveals positions on Apple, Yahoo and a Chinese stock.

However, Jacob noted that the product cycle could temporarily slow earnings.

(Read More: Amazon Vs. Apple: Henry Blodget's Pick)

"In terms of early next year, there will be a little bit of a black hole in terms of product refresh," he said.

But as prices decrease for existing Apple products, demand will pick up, and margins will improve, Jacob added.

(Watch: Will Windows 8 Help Reboot Microsoft?)

"I think in both cases, you'll see the financials improve early next year, not really seeing a decceleration in revenue," he said.

Jacob also sounded positive on Yahoo.

"We've stuck with it for a while," he said, adding that the reason wasn't because of huge upside. "We thought the risk was extremely low."

New CEO Marissa Mayer also garnered praise, and Jacob said that her success at the company would mean one thing: "Yahoo could be a huge winner."

Asked for an under-the-radar pick, Jacob touted Sina.com.

"Sina really has an opportunity to be a leading social network company in China," he said. "They have a successful Twitter product that's really turning into a Twitter-Facebook hybrid, and a $4 billion market cap. There's a lot of room to go in this one if they're successful."

Trader disclosure: On Oct. 26, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is long call spreads in JPM; Jon Najarian is long call spreads in GLD; Jon Najarian is long call spreads in FB; Jon Najarian is long call spreads in AMZN; Jon Najarian is long call spreads in ACI; Jon Najarian is long call spreads in SLV; Jon Najarian is long call spreads in KMX; Jon Najarian is long GLUU; Jon Najarian is long STSI; Jon Najarian is long CME; Jon Najarian is long CBOE; Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long SBUX; Pete Najarian is long INTC; Pete Najarian is long FB; Pete Najarian is long MSFT; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Steve Grasso is long ACI; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long AUO; Steve Grasso is long BA; Steve Grasso is long BTU; Steve Grasso is long CLF; Steve Grasso is long F; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long WYNN; Ryan Jacob is long AAPL; Ryan Jacob is long GOOG; Ryan Jacob is long YHOO.

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