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Apple dips after report that future iPhone modems could lag rivals

June 9, 2017 (Reuters) – Shares of Apple Inc fell more than 3 percent on Friday after Bloomberg News reported that iPhones launched later this year will use modem chips with slower download speeds than some rival smartphones. Apple is widely expected to upgrade its iPhone this year, which marks the device’s 10th anniversary, and suggestions that its technology will lag the performance of high-end smartphones running Alphabet Inc’s Android system could hurt its sales. An Apple spokesman did not immediately respond to a request for comment. Apple supplier Qualcomm…

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Japan Display considers deeper restructuring, seeks more funding: Nikkei

June 7, 2017 TOKYO (Reuters) – Japan Display Inc is considering deeper restructuring than first planned and has asked a state-backed fund for help after losing business with Apple Inc due to its late entry into OLED technology, the Nikkei business daily reported. Shares in the company climbed 12 percent in morning trade. In addition to the Innovation Network Corp of Japan (INCJ), a government-led technology venture which extended the panel maker a lifeline last year, it has also approached other investment funds and is looking at capital and business…

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Qualcomm files breach of contract complaint against Apple’s manufacturers

May 17, 2017 (Reuters) – Qualcomm Inc said on Wednesday it filed a complaint against Foxconn Technology Group and other Apple Inc manufacturers for breaching license agreements. The chipmaker said the manufacturers were refusing to pay royalties on the Apple products produced. Foxconn Technology Group is the trading name of Taiwan’s Hon Hai Precision Industry Co, the main assembler of Apple Inc devices. (Reporting by Narottam Medhora in Bengaluru; Editing by Saumyadeb Chakrabarty) The post Qualcomm files breach of contract complaint against Apple’s manufacturers appeared first on One America News…

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Apple may ditch Dialog, analyst says, hitting chipmaker’s shares

April 11, 2017 By Eric Auchard and Harro Ten Wolde FRANKFURT (Reuters) – Dialog Semiconductor risks losing a crucial supply deal with Apple Inc , according to a financial analyst who cut his rating on the stock on Tuesday, sending the Anglo-German chipmaker’s shares down by as much as one-third. Bankhaus Lampe reduced its rating on Dialog to “sell” from “hold” as it argued that Apple was working on its own battery-saving chip for the iPhone that could replace Dialog’s power management integrated circuits (PMIC) as early as 2019. Apple…

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Apple sends warning to banks with Australian mobile payments decision

March 31, 2017 By Jamie Freed SYDNEY (Reuters) – Apple Inc on Friday won a victory in its global fight to prevent banks from introducing their own mobile payment services on Apple devices, as an Australian regulator barred lenders from bargaining collectively for access. The decision by Australia’s competition watchdog, the first of its kind, will stop the banks from introducing their own mobile applications on iPhones and Apple Watches that could be used for contactless payments instead of the Apple Wallet. The banks had hoped to circumvent transaction fees…

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China’s Huawei reports flat profit for 2016, revenues slow

March 31, 2017 By Sijia Jiang HONG KONG (Reuters) – Chinese telecom equipment and smartphone maker Huawei Technologies Co Ltd [HWT.UL] said on Friday that net profit edged up just 0.4 percent last year, its slowest annual growth since 2011. Huawei, the world’s No. 3 smartphone maker behind Apple Inc and Samsung Electronics Co Ltd , said net profit rose to 37.1 billion yuan ($5.3 billion). Strong competition in China’s smartphone market from previously little-known domestic rivals OPPO and Vivo cost Huawei its top spot as the biggest vendor in…

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Australia to bar banks from bargaining collectively with Apple over payments

March 31, 2017 SYDNEY (Reuters) – Australia’s competition regulator on Friday said it would bar a group of the country’s largest banks from bargaining collectively for access to Apple Inc’s contactless payment function, potentially setting a global precedent. The decision, the first of its kind, will stop the banks from introducing their own mobile applications on devices like the iPhone and Apple Watch that could be used for contactless payments instead of the Apple Wallet. That would have enabled banks to circumvent transaction fees and get customers to engage more…

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Berkshire Hathaway gains $1.6 billion from its huge bite of Apple

February 25, 2017 By Jennifer Ablan NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc is sitting on more than $1.6 billion of gains in its investment in Apple Inc. after shares of the iPhone maker surged. Berkshire revealed that its massive stake in Apple stock, as of Dec. 31, had risen to 61.2 million shares for a total of $6.75 billion, an average of about $110.17 apiece, according to the annual report Saturday from Berkshire. As of Friday’s closing price of $136.66, Berkshire’s holding of Apple was valued at…

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