Daily Archives: April 26, 2013

Apple may be souring the market with its unimpressive forecasts, but not all the suppliers who rely on the US tech group for orders are suffering.

Shares in Largan Precision, a Taiwanese lens maker, gained 7 per cent on Friday after it reported stronger than anticipated earnings for the last quarter and, against expectations, forecast more growth ahead. Its secret? Growth of other brands has been strong enough to offset Apple. That’s a change from the days when Apple was component companies’ key driver of growth.

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More good news for Istanbul’s ambitions to establish itself as a hub: even the internet is hearkening to its call. Fadi Chehade, chief executive of ICANN, the organisation responsible for administrating the domain name and IP address systems, announced on Thursday his group was setting up shop in Istanbul.

To be precise, ICANN is splitting its headquarters into three – the old base in Los Angeles, a new outlet in Singapore, and Istanbul itself, as a step towards a more global, and a more seamless operation.

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