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Apple Records $11.6 bn Profit on Growing iPhone-iPad Sales

Apple's coffers continued to swell in the first three months of the year due to record sales of iPhones and iPad tablet computers, particularly in China and other parts of Asia.

Apple reported on Tuesday that it made a profit of $11.6 billion on revenue of $39.2 billion in the quarter ended March 31. The amount of cash Apple had on hand grew $12 billion to $110.2 billion.

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Apple's Squeeze Hits Phone Companies, Competitors

Apple is set to report another record quarterly profit on Tuesday, continuing the relentless string of results that's made it the world's most valuable company. Those profits don't come out of thin air: A range of businesses —from the company's wireless carrier friends to its PC-making foes— are seeing their profits melt away and flow to Apple's bottom line.

Apple's success is good for the U.S. economy, and some businesses, like software developers and memory-chip makers, have benefited from the disruption Apple is causing. But its enormous gains have resulted in others' pains, sometimes in unexpected places.

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FBI: Over 300,000 Could Lose Web Access by July

The FBI warned Monday that more than 300,000 Internet users worldwide could lose their Web access starting in July following a multi-million-dollar scam.

But users can breathe a sigh of relief as a solution is just a few clicks away at, a website the FBI created so people could check whether they have been infected with malware and remove any malicious software.

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U.S. Commission: Xbox Infringes Motorola Patents

The U.S. International Trade Commission (ITC) on Monday issued a preliminary ruling that Microsoft infringed on Motorola Mobility patents in its hit Xbox 360 videogame consoles.

Administrative law judge David Shaw backed four out of five Motorola claims that the company's intellectual property was usurped in Xbox software for tasks such as efficiently moving video files or connecting wirelessly to the Internet.

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Facebook Beefs Up Patent Arsenal Ahead Of IPO

Facebook struck a $550 million deal Monday to get its hands on hundreds of AOL patents from Microsoft as the social network hardened its defenses before it goes public on the Nasdaq.

Facebook will pick up around 650 of the 925 patents Microsoft bought earlier this month in an auction from AOL in a nearly $1.1 billion deal, Facebook and Microsoft said in a statement.

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Report: Iran Oil Ministry under 'Cyber-Attack'

Iran's oil ministry has come under a "cyber-attack," with its website and affiliated sites appearing to be offline, Iranian media reported on Monday.

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Philips: Q1 profit at 249 million euros

Dutch electronics giant Philips posted Monday first quarter net profits of 249 million euros ($328.4 million), up from 138 million euros a year ago amid the sale of some real estate in the Netherlands.

Revenues for the group reached 5.6 billion euros, up from 5.3 billion euros a year ago, and slightly beating the 5.4 billion euros forecasted by analysts polled by Dow Jones news wire.

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Light Bulb with 20-Year Life Unveiled in U.S. on Earth Day

A prize-winning, super-energy-saving LED bulb from Dutch electronics giant Philips said to last over 20 years went on sale Sunday to coincide with Earth Day.

The bulb that won the U.S. Department of Energy's "Bright Tomorrow Lighting Prize" was available from retailers for $50, down from an initial $60 price tag. The company said it was planning discounts to bring the cost down to as little as $25.

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China Consumers Slow to Convert to Green Technology

Carmakers at the Beijing auto show are due to unveil scores of clean energy vehicles as they try to convince Chinese customers to swap gas-guzzling SUVs for cleaner but slower and pricier options.

But analysts say the rush to showcase green technology at the Auto China 2012 exhibition, which opens Monday, is unlikely to hide the fact it may still take a long time for the Asian nation to fully embrace an electric future.

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Report: Honda to Provide Hybrid Technologies to China Firms

Honda Motor will provide its core hybrid car technologies to a number of Chinese automakers, eyeing to boost sales in the world's largest car market, a report said Sunday.

As Honda's sales in China have long been sluggish, it aims to achieve a turnaround by aggressively pushing its hybrid vehicle technologies, the Japanese business daily Nikkei reported.

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