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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