Business News

Samsung to Apple: apology accepted

Obvious. And by the way, as the titles of the related articles below show, it seems like a certain D-Generation X catch phrase came to mind for several other people.

Samsung hits Apple with 20% price hike: report – MarketWatch

Samsung Electronics , the world’s largest technology firm by revenue, raised the price of mobile processor supplied to Apple Inc. AAPL -0.77% by 20% recently, Chosun Ilbo reported Monday, citing a person familiar with negotiations between the two tech giants.

“Samsung Electronics recently asked Apple for a significant price raise in (the mobile processor known as) application processor,” the person was quoted as saying in the report. “Apple first disapproved it, but finding no replacement supplier, it accepted the (increase.)”

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