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Apple supplier Pegatron temporarily halted iPhone assembly at its facility in south India on Monday after a fire incident on Sunday night, three sources told Reuters. The Taiwanese firm has called off all shifts for the day at the factory near the city of Chennai in Tamil Nadu state, and is yet to inform assembly workers whether the facility will function on Tuesday, two of the sources added. Pegatron in a statement told Reuters that "there was a spark incident" at the facility that is currently under control, and the incident "does not have significant financial or operational impact" for the company...

CHENNAI (Reuters) -Apple supplier Pegatron temporarily halted iPhone assembly at its facility in south India on Monday after a fire incident on Sunday night, three sources told Reuters. The Taiwanese firm has called off all shifts for the day at the factory near the city of Chennai in Tamil Nadu state, and is yet to inform assembly workers whether the facility will function on Tuesday, two of the sources added. Pegatron in a statement told Reuters that "there was a spark incident" at the facility that is currently under control, and the incident "does not have significant financial or operational impact" for the company...

(Bloomberg) -- Apple Inc.’s basic iPhone 15 model is taking almost twice as long for deliveries this year than its predecessor, signaling high demand for the company’s latest handsets.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wakeup CallIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundCorzine Plans to Shut Hedge Fund and Return Capital...

(Bloomberg) -- Media-related stocks have been all the rage in India, thanks to a mega merger involving a unit of Japan’s Sony Group Corp., and the return of Bollywood blockbusters. Investors are now weighing the sector’s pricey valuations against the potential for future growth.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wakeup CallIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesWells Fargo Preps f...

Monday saw record-breaking pre-order waiting times for Apple Inc (NASDAQ:AAPL).'s latest offerings, the iPhone 15 and its high-end variant iPhone 15 Pro Max, suggesting a surge in demand. According to data from Counterpoint Research, consumers are having to wait almost double the time for delivery of the basic iPhone 15 compared to its predecessor...