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Apple gets critical iPhone technology in $600 million deal

SAN FRANCISCO/FRANKFURT: Apple Inc is buying the power-management technology at the heart of its iPhones in a $600 million deal with Dialog Semiconductor that also secures the German-listed company‚Äôs role as a supplier to the U.S. tech giant. The agreement to acquire patents and people from the Anglo-German chip designer is not only unusual, but also the largest of its kind by Apple, whose last sizeable acquisition was the $350 million purchase of Face ID creator PrimeSense in 2013. Dialog shares surged as much as 34…

Uber drivers made more than $600 million in tips in one year

LOS ANGELES: Since the launch of the in-app tipping for Uber drivers in the United States last year, Uber has facilitated more than $600 million worth of payments in tips to its drivers. In August, Uber hit $50 million in tips. Since introducing mid-trip ratings and tips in May, there has been a 30 percent increase in tipping, Uber product manager Dhruv Tyagi wrote in a blog post. In April, Lyft announced drivers hit $500 million in tips since its launch, with tip averages increasing by nearly 8 percent in 2017 compared…

Instagram’s user base crosses 600 million

Instagram's user base rose to more than 600 million, the Facebook owned company said on Thursday, as new features helped it gain popularity. The photo-sharing app added 100 million users since June, when it last announced its 500 million user milestone, the company said in a blog post. Since then, the company launched Instagram Stories, its picture and video slideshow feature, identical to the signature function of rival Snapchat. ALSO READ: You can now turn off and like comments on Instagram Instagram in…