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> Building cars is a low-margin business. So is building phones.
by bronson 10y ago
> Building cars is a low-margin business.
So is building phones.
- Animats 10y agoNot for Apple.[1] Margins on iPhones are huge. [1] http://fortune.com/2016/04/04/apple-iphone-se-3/ http://fortune.com/2016/04/04/apple-iphone-se-3/
- aetherson 10y agoI think that was your parent's point.
- ArkyBeagle 10y agoBut the cost of phones is a couple of zeros ( at least 1.x zeros ) off the cost of cars. What keeps people from buying more expensive cars is how much ( and what sort of ) financing they can qualify for.
- OscarCunningham 10y agoSo Apple needs to start a bank as well as a car company!
- X86BSD 10y agoAnd yet Apple makes the majority of mobile phone profits for the entire sector. Weird.
- yequalsx 10y agoI think you missed bronson's point.
- dba7dba 10y agoDesigning and marketing phone is high margin business. Assembling phone is low margin stuff.