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Friday, December 29, 2017

The profit Apple makes by selling an iPhone is about five times the profit Samsung makes by selling a Galaxy smartphone, according to market research firm Counterpoint Research.

Apple apologized for secretly slowing down older iPhones, a move it said was necessary to avoid unexpected shutdowns related to chemically aging batteries.

A consortium led by SoftBank Group will buy a large number of shares of Uber Technologies in a deal that values the ride-services firm at $48 billion, Uber said on Thursday.

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