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Top Tech Stories of the Day: Why Apple's Budget IPhone is Risky Business

Wochit 1:32 mins

Apple's plan to release a budget iPhone is clearly fraught with peril for the company: It needs to make sure that it gets an affordable device out to consumers in emerging markets without sacrificing too much of the profit margins that have made it one of the most profitable companies in world history. Barron's points us to a new research note from?UBS analyst Steve Milunovich, who outlines in detail why making a cheaper iPhone is really a risk for Apple's traditional business model. In particular,?Milunovich thinks that by going "down market," Apple will be well outside its comfort zone as a premium brand. The New Century Global Center building opened recently in Chengu, a city of more than 14 million people in southwest China's Sichuan province. It's described as the world's largest standalone structure and is 328 feet high, 1,640 feet long, and 1,312 feet wide. Windows 8 users who've struggled with trackpad issues may find some relief in the finished version of Windows 8.1. Current trackpad drivers designed for Windows 8 can't necessarily take advantage of all the features and gestures available in the operating system. To rectify that problem, Microsoft, Intel, Synaptics, and Elan are teaming up to directly enable pointer, multi-touch, and gesture support in Windows 8.1,

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