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FLASH: Shares of QIHU Drop on News of Apple Removing Their Apps from App Store

“The impact is not as big as some people may think,” said Yang, who recommends buying Qihoo 360’s shares. The company derives no revenue from offering mobile-phone applications at present, she said.

Carolyn Wu, a spokeswoman at Apple in Beijing, said she was trying to obtain more information about the removals.

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