VENTURE CAPITAL POST

Apple is all set to build its first iOS development center in Europe. With Italy's Naples as the chosen location, the world's largest app seller plans to provide opportunities to the students of the country to join the world's most enviable app ecosystem. Apple will help the teachers draw up a special curriculum to facilitate this process. Europe is already reaping the benefits as its developers have earned a total of $11.1 billion from sale of Apple apps. Now, with its move into Italy, the country is already looking at 75,000 job opportunities.

Apple Inc sold more than $1 billion of Apple TV set-top boxes in 2013 and is investing heavily in the next generation of products, Chief Executive Tim Cook said at the company's annual meeting on Friday.

Apple Chief Executive Officer Tim Cook did not take too kindly on the suggestion of a shareholder to abandon its environmental causes that don't add to the company's profits, CNET reported.

In an interview with CNBC, Carl Icahn confirmed his firm's large purchase of Apple stock as it fell due to consumer disinterest in new iPhone models.

Hedge fund billionaire Carl Icahn told Reuters he thinks Apple must trade at USD700 per share since the current price at USD489.57 each is too cheap for the company.

According to the White House, US President Barack Obama met with tech executives along with transparency advocates to deliberate on the government's surveillance programs.

Canalys told Bloomberg that Apple's market share in China plunged to just 5% during the second quarter, down from last year's 9%.

Analysts said Apple must make its own smartphone trade-in program to boost its sales.

Reuters said that Apple CEO Tim Cook and China Mobile chairman Xi Guohua recently met to talk about "matters of cooperation."

Analysts said that there are several ways by which Apple could ease the concerns regarding the company's lack of growth.

The tech giant’s website was recently hacked which posed a US$100 billion worth setbacks for American businesses.