Apple Stock News
For the latest Apple Stock News, AAPL closed at $156.41 per share on October 25th, 2017. It generated losses of 0.43% from its previous close on October 24th, 2017, when it closed at $157.1 per share.
Bloomberg reported recently that Apple requested its suppliers to reduce the accuracy of the iPhone X’s Face ID system. Expectations are that Apple will not be able to meet its demand for the new iPhone this holiday season. Consequently, rumors are that AAPL is allowing this downgrade of the technology in order to make it easier to manufacture, and thus speed up production.
At the heart of the delay is the dot projector, which is a component that allows the Face ID technology to work. One of the people familiar with the production process stated that Apple underestimated the complexity of making and assembling exceedingly fragile components and didn’t add extra time for the production process.
In response to the Bloomberg article, Apple denied this downgrade in the technology. In a statement, Apple said: “The quality and accuracy of Face ID haven’t changed. It continues to be 1 in a million probability of a random person unlocking your iPhone with Face ID”. Moreover, Apple also stated that it is expecting the Face ID to be the new gold standard for facial authentication.
IPhone X will be available for pre-order this Friday, October 27th.
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