In an interview with Fortune, Apple CEO Tim Cook explained that China is no longer a cheap labor market, as many people assume. He said labor costs in China haven’t been low for years. Instead, Apple manufactures there because of the country's unmatched concentration of skilled labor, especially in areas like tooling and precision engineering. Cook highlighted that while the U.S. might struggle to gather a few hundred skilled engineers, China can fill entire football fields with them. This depth

EXCLUSIVE: Apple CEO Tim Cook sounds off on the company's latest initiatives, products, and what's in the pipeline. Don't miss Susan Li's special two-part interview with Cook on "Cavuto: Coast to Coast" today at Noon ET, and "The Claman Countdown" at 3p ET — all on Fox Business. | Fox Business

Apple CEO Tim Cook took aim at the tech industry in a Stanford commencement address, calling out companies for failing on privacy and security: "If you built a chaos factory, you can’t dodge responsibility for the chaos." | CBS News