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The phone selling business is not as clear cut as selling oranges at the market. There are deals with carriers and other infrastructure stake holders that cloud
by yitchelle 8y ago
The phone selling business is not as clear cut as selling oranges at the market. There are deals with carriers and other infrastructure stake holders that cloud the view significantly.
What that means to Essential's bottom line is not clear. It would be difficult to even consider the assumption of the revenue of $44M for them.
- baybal2 8y ago>The phone selling business is not as clear cut as selling oranges at the market. There are deals with carriers and other infrastructure stake holders that cloud the view significantly. My personal experience is a polar opposite of this. I myself worked with few companies doing private label handsets. It is a near foolproof business. You go to an ODM, put money first for a respin of a successful product under your brand, then you dump the batch on TaoBao, Aliexpress, and trade companies. This will stably gain you profits in single digits, and at about %15 if you have some luck along with real insight into doing things like that. Should Andy be more easy on pricing, and also "simply dump the product off an online marketplace," he would've been in black by now.