Foxconn exec warns iPhone 8 to cost more than expected

The iPhone 8 'will not be cheap,' according to a Foxconn executive who leaked information about a potentially disastrous manufacturing hurdle facing Apple's eagerly anticipated new handset. Foxconn Vice President Luo Zhongsheng posted - and then quickly deleted - on the social media site Weibo claiming Apple has run into supply chain issues for the much-anticipated phone and is facing a 40 percent defect rate for its new OLED screen. In the post he warns customers may have to pay a premium to make up for the difficulty related to the'special cutting' of the screens, which are believed to be curved edge-to-edge OLED screens. The status Foxconn VP Luo Zhongsheng posted - and soon after deleted - on the site Weibo, which roughly translates to, 'The OLED yield is only 60%! It looks like difficulty of special-shaped cutting is indeed great, the cost will not be cheap.