Afternoon Coffee: Hasbro Makes Takeover Bid for Mattel, iPhone X Components 45% More Expensive

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Hasbro has started its holiday shopping early this year, the Wall Street Journal reports. The company has made a takeover bid for Mattel, a combination that would unite the two biggest toy makers in the U.S. Both companies are facing changing consumer landscapes, with sales of traditional toys weak compared with increasingly popular video game systems.

iPhone X Components

While Apple’s latest high-end smartphone may have given some consumers stick shock, the company does have a reason behind the price. As MarketWatch reports, the bill of materials (BOM) for the iPhone X is the highest ever for an Apple smartphone at $370.25, a 45% jump from previous models. Adding to the cost are special components needed for the phone's facial recognition technology, as well as Samsung’s production monopoly on the screen used in the latest model.

Uber Investment

After months of negotiations, Uber and Softbank are coming to agreement to receive a $10 billion investment from the Japanese bank, according to Quartz. The funding will consist of a $1 billion direct investment into Uber, in addition to a purchase of $9 billion in Uber stock. The move would greatly diminish the influence of founder Travis Kalanick, who resigned as CEO in June after a tumultuous year at the company.

Consumer Sentiment

And finally, an economic update: After hitting its highest point in over a decade, consumer sentiment slipped in early November, CNBC reports, to 97.8 from 101.1 in October.

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