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Boeing to sell some assets to Thoma Bravo

The $10.55 bn sale includes portions of digital aviation solutions business.

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

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Mubadala Energy enters US energy market

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Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

Apple’s iPhone 13 set to capture 5G potential

Apple iPhone
Apple reports record quarterly earnings. File photo.
  • iPhone 13 will have custom 5G antennas and radio components
  • The Series 7 smart watch will feature a larger display and will start at $399

California-headquartered Apple Inc unveiled new and improved products including iPhone 13, Series 7 smart watch, and a new iPad mini on Tuesday in an event watched online by fans across the world.

The iPhone 13 will have a new chip called the A15 Bionic that will power features like automatically detecting when the phone’s camera is pointed at the text. Apple said the iPhone 13 will have custom 5G antennas and radio components for faster speeds and will come in five colors, according to media reports.

The phone will start at $699, and participating wireless carriers will offer up to $700 off for qualifying trade-ins. The iPhone 13 Pro starts at $999 and the Pro Max starts at $1,099, with trade-in offers of up to $1,000. All three models will be available from September 24.

The Series 7 smart watch will feature a larger display and faster charging. It will start at $399 and be available later this autumn.

The company also updated its iPad Mini with 5G connectivity and a reworked design that makes it look like the higher-end iPad Air and Pro models. Apple also updated its base-model iPad with a new camera for working and learning from home. The base model iPad starts at $329, and the Mini starts at $499. Both will be available next week.