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Why Tim Cook is bullish on the Indian middle class

Breaking his silence on Apple’s India presence, CEO Tim Cook admitted last week that his business was flat in the country in the fourth quarter amid weak currency trends. Cook, however, stressed he is still a big believer in the Indian middle class. Essentially price-conscious, India, with 450 million users, is the fastest-growing

Virus attack on chipmaker could hit Apple iPhone production

Apple’s new iPhone launch next month could be delayed by the virus outbreak at Taiwan Semiconductor Manufacturing Co (TSMC) — the world’s biggest contract chip maker, the media reported on Friday. TSMC, which makes chips for iPhones, suffered a computer virus outbreak and warned it could cause shipment delays as well as hit revenue.