A downturn in quarterly profit was expected for Foxconn, especially after it became clear the company was facing some serious issues with the production of the iPhone X. But the 39 percent slide that Foxconn reported on Tuesday is far worse than most analysts expected. The world’s largest electronics manufacturer reported net profit fell to $700 million, or roughly 43 percent below the average estimates from analysts.
The well-documented delays were centered around the iPhone X’s FaceID system baked into that notch at the top of the display. The sensors and cameras packed into that area roughly resemble what was found in Microsoft’s Kinect system for the Xbox. The obvious difference though is that the Kinect was a much larger device, meaning Apple had to reduce it down to a size that could fit at the top of a smartphone—not an easy task.
Foxconn is believed to be the sole manufacturer of the iPhone X.
Those delays meant Apple, and subsequently Foxconn, wouldn’t be able to produce as large a quantity for the iPhone X launch as they would’ve liked even with the extra few weeks of a delay from a normal iPhone launch. Those issues, coupled with a far lower-performing launch than expected for the iPhone 8 and 8 Plus, and the picture starts to get a little clearer as to why Foxconn so greatly missed the mark in Q3.
The slide shouldn’t last long, though, as iPhone X production ramps up. And if it’s any indication, for as bad as the iPhone 8 launch was, the iPhone X saw a release that was the total opposite. Preorders for the device sold out in minutes, and Apple stores saw lines like they hadn’t in years.
An office chair with self-parking capabilities? Don't mind if we do. pic.twitter.com/TN6iYNBrY0
— Mashable (@mashable) November 15, 2017
How nice would it be to never have to worry about pushing your chair back in and creating an office hazard for your coworkers? Or, at the very least, every unoccupied room in an office won’t look like a tornado ran through it leaving chairs all over the place.
A self-parking office chair could be coming our way—but for right now it looks like a way for Nissan to promote its “Intelligent Park Assist” feature that it’s building into cars. The car manufacturer built the chairs on the same system its cars use to self-park into tight spaces.
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