Apple sold 74.8 million iPhones to achieve its best quarter ever, outselling Samsung at 73 million.
The combined chipmaking company will have a value of $40 billion, and will focus on automotive chips.
IBM to shift $4 bln in spending to its cloud, analytics, mobile, social and security businesses in 2015.
Fall in profits prompts smartphone maker to freeze wages for the first time in six years.
Google's revenue grew 15% but fell short of projections on declining online ad prices.
Fueled by iPhone sales, the tech firm posted a 30% jump in fiscal Q1 revenue to $74.6 billion.
Samsung will be responsible for around 75% of the chip production for the next iPhone, a newspaper claims.
Samsung seeks BlackBerry's valuable patents as it battles Apple in the corporate market.
CVS and Rite Aid have blocked the iPhone maker's mobile payments service.
Samsung's mobile division has been struggling to maintain its dominance against rivals.
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