The arrow is pointing to a terminal bud on a pine. In this example the structures below the terminal bud are male pollen cone buds that will open in spring, mature and disperse pollen. These are different than the vegetative terminal buds in the prior example in location, number, look and function.
Karren Wcisel, TreeTopics.com
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Pinaceae, tree, conifer, cone, needle, evergreen, Pinus, pine, Picea, spruce, Abies, fir