Bloomberg Taiwan Semiconductor Manufacturing Co. forecast quarterly revenue that trailed estimates, dashing hopes that Apple Inc.’s iPhone will help the world’s largest contract chipmaker pull out of a smartphone industry slump and avert the impact of a strong currency. The Taiwanese maker of the iPhone’s processors forecast third-quarter sales of $8.12 billion to $8.22 billion, short of the $8.6 billion …

Bloomberg Later this year, Apple Inc. will put augmented reality software in as many as a billion mobile devices. Alphabet Inc.’s Google beat Apple by three years in releasing AR tools, but its features are on very few phones and haven’t gained wide acceptance. By contrast, Apple can easily pair its software and devices, an advantage that will help it …

Bloomberg Wells Fargo & Co. has lost ‘tens of millions of dollars’ in revenue from municipal and state clients since a sales scandal in its consumer bank erupted 10 months ago, Chief Financial Officer John Shrewsberry said in a statement. Shrewsberry said the decline isn’t material to Wells Fargo’s earnings, but added the company is working to regain the business. …