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Apple and Samsung fined for slowing down phones with updates

Apple and Samsung were fined Wednesday for software updates that Italy’s antitrust watchdog said slowed down users’ phones. The Italian Competition Authority, or AGCM, fined Apple and Samsung 5 million euros (about $5.7 million) each for releasing software updates that “significantly reduced” the performance of phones, the AGCM said in a statement.  Both companies urged people to install updates that weren’t “adequately supported by their …

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Amazon’s Prime Day boost can’t save it from disappointing sales

The boost Amazon received from Prime Day wasn’t high enough to vault the retail giant over Wall Street’s expectations.  Amazon said Thursday that its third-quarter revenue jumped 29 percent, to $56.6 billion, helped by a take from its annual Prime Day sale that RBC Capital Markets estimated at $2 billion. Amazon’s increased revenue still fell shy of the $57.1 billion …

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