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After Apple, Samsung Intends To Bank On Refurbished Phones

After handset giants Apple has shown interest in selling refurbished mobile phones, Samsung Electronics now reportedly planning to launch a program to sell refurbished used versions of its premium smartphones. Samsung will refurbish high-end phones returned to the company by users who signed up for one-year upgrade programs in markets such as South Korea and the United States, Reuters reports. According to the report, the move is aimed at sustaining earnings momentum after reviving its mobile profits by restructuring its product line-up. As growth in the global smartphone market hits a plateau,...
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Apple Drops “Store”, To Remain As Apple

With reports of global dip in Apple sales and the rumored launch of iPhone 7 next month, tech giant Apple has decided to drop “Store” from all of its retail establishments. The changes have already reflected online as well as all store page refer to stores by names like “Apple Union Square” or “Apple Valley Fair” or “Apple The Grove,” instead of “Apple Store, Valley Fair” or “Apple Store, The Grove” reports MacRumors. According to MacRumors Apple’s move to do away with the “Store” from the retail locations aims to turn...
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Tech Majors Bet Big On Startups For AI Deal

August seems to be the month of acquisitions, particularly in the Artificial Intelligence (AI) space. Recently, chip giant Intel announced its plans to buy Nervana Systems, close on the heels of iPhone maker Apple’s announcement on the buyout of machine-learning startup, Turi. In recent times, technology companies are teaming up with startups in the field of AI to outdo competition in the space. Intel is strengthening its AI efforts by acquiring the two-year-old San Diego, California-based startup Nervana Systems, which has already grabbed much attention for its machine learning technology....
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