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It was overpriced. They sold what? 50k phones at about $500 a pop average before cutting the price to $350? That's $25m in revenue after raising $300m. They sho
by notyourday 8y ago
It was overpriced. They sold what? 50k phones at about $500 a pop average before cutting the price to $350? That's $25m in revenue after raising $300m. They should have continued working on a line of phones. Instead they switched gears, dropped the price on a phone and started doing a fire sale.
- radicaldreamer 8y agoIt's kind of bizarre planning to bet the whole company one one product whose go-to-market strategy wasn't clear.
- notyourday 8y agoIf you decide you are going to be a smartphone company, after you do sufficiently well on your first phone you do not go and decide to go into the market of connected home.