Reuters - Technology Report

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Friday, December 29, 2017

Apple apologizes after outcry over slowed iPhones

(Reuters) - Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users whether their phone battery is good.

SoftBank succeeds in tender offer for Uber shares

(Reuters) - A consortium led by SoftBank Group Corp will buy a large number of shares of Uber Technologies Inc in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi.

South Korea students dive into virtual coins, even as regulators crack down

SEOUL (Reuters) - Hackers have stolen millions, lawmakers are pushing for new taxes and regulations, and a leading financial official has called them a "Ponzi scheme".

Hong Kong eyes blockbuster China tech IPO queue, led by Xiaomi

HONG KONG (Reuters) - Hong Kong bankers are eyeing a slew of blockbuster IPOs from Chinese technology firms with a total market capitalization of some $500 billion over the next two years, in a sharp contrast to 2017 - the city's worst year for raising equity in a decade.

With lineup widening, Apple depends less on iPhone X

SAN FRANCISCO (Reuters) - In years past, demand for Apple Inc's latest flagship phone was critical to the company's results over the holiday shopping quarter.

India likens cryptocurrencies to Ponzi scheme, cautions investors

NEW DELHI (Reuters) - India's finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like "Ponzi schemes."

Exclusive: Apple and Amazon in talks to set up in Saudi Arabia - sources

RIYADH (Reuters) - Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, part of Crown Prince Mohammed bin Salman's push to give the conservative kingdom a high-tech look.

China's Huawei flags slowest revenue growth in four years

HONG KONG (Reuters) - China's Huawei Technologies Co Ltd expects 2017 revenue to rise 15 percent to 600 billion yuan ($92.08 billion), its rotating chief executive, Ken Hu, said in a New Year's message to staff posted on its official WeChat account on Friday.

India's Reliance Jio to buy RCom's wireless assets in $3.75 billion deal: sources

MUMBAI (Reuters) - Debt-laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm, for a total value of nearly 240 billion rupees ($3.75 billion), two sources familiar with the matter told Reuters on Friday.

LG Display says did not supply OLED panels for Apple's iPhone X this year

SEOUL (Reuters) - South Korea's LG Display Co Ltd on Thursday said it did not supply any organic light-emitting diode (OLED) panels for Apple's iPhone X smartphones this year.