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Apple to take US$10 million charge for PowerSchool acquisition

The DowJones Newswire reported late yesterday that Apple is planning to take a US$10 million charge in the third quarter of this year for “in-process research and development costs related to its acquisition of PowerSchool, Inc.” (which will be accounted for as a purchase), — this according to the company’s quarterly report filed Monday with the Securities and Exchange Commission.

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