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Foxconn's third-quarter profit slides below estimates after iPhone X production hurdles

Reuters  |  TAIPEI 

By Jess Macy YuTAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics manufacturer, saw quarterly profit slide 39 percent - a result far below estimates and widely attributed to production issues for Apple Inc's iPhone X.While shoppers have flooded into stores this month to buy Apple's 10th anniversary version of its premium smartphone, the product has faced a string of production hurdles centered on new technologies and features.Questions remain as to whether Apple can meet demand for the iPhone X during the crucial holiday quarter, with most analysts saying it will ...

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First Published: Wed, November 15 2017. 08:17 IST