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Comment Re:Cost will double? (Score 1) 472

Allowing external forces to decide what a healthy / acceptable profit margin can be is the surest way to destroy capital investment by businesses.

True but no business operates in a vacuum. External forces also include the rules, as setup by governments as well as public perception about how the product you are selling them is being made.

It would be no surprise that Foxcon is being a bit disingenuous about their assessment. The cost of manufacturing items in China will eventually to go up as the living standards of Chinese workers goes up and their labour and environmental laws tighten. This is good for everyone and should help balance the overall picture.

Comment Cost will double? (Score 3, Informative) 472

According to this article. The $649 iPhone 7 costs around $220 to make meaning that Apple gets roughly around $400 in profit. Lets imagine that the cost does double, they will still be getting ~$200 per phone. A very healthy profit with a lot of that money staying in the US rather than China or Ireland.

Also, the cost doubling calculation (done by Foxcon!) probably assumes that they would do things exactly the same in the US as they do in China. That is, hiring thousands of people for minimal pay to to a large part of the assembly by hand. However, if moved to the US they would probably automate more of the process and employ much less people. Think of the savings on suicide netting alone.

Comment Too much money... (Score 3, Informative) 135

Uber is trying desperately to use up all that money they were given based on their (relatively simple) app. An app that they can't even make profitable. Apparently they lost around $1.2B in the first half of the year.

They have no clue what they're doing and this pie-in-the-sky stuff is just a bullshit distraction before the money runs out.

I don't know why companies aren't happy to just perfect and run an existing product profitably instead of looking for endless and everlasting growth? It's not sustainable. After all, why shouldn't they when there are investors willing to sign $1.5B cheques for a fucking app.

Comment Re:60mph!? (Score 1) 155

Whoever wrote this is (willfully or otherwise) ignorant of the driving conditions on UK motorways. Driving at 60mph is basically impossible - you either have to get in the slow line behind the lorries and go slower, or get in the middle or fast lane and drive ~80mph. Yes, the speed limit is technically 70mph. In most part of the country, nobody gives a crap.

So the range is nearly irrelevant; the car is unsuitable for motorway driving so you won't be taking it any distance at all.

That's not true... I watch Top Gear and everyone in the UK drives a supercar (sideways) on empty roads in the Lake District. To be fair you have to watch out for constantly crashing caravans though.

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