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Sure, but this does not contradict what I said. I strongly suspect that the bulk of Festool’s revenue comes not from selling tools to pros, but rather from sell
by hyperbovine 4y ago
Sure, but this does not contradict what I said. I strongly suspect that the bulk of Festool’s revenue comes not from selling tools to pros, but rather from selling pro-level tools amateurs who have have convinced themselves that the having the green tools will somehow improve their woodworking. Add up all the “pros” you know, extrapolate that figure wildly, and it still doesn’t get you close the nearly $500M in revenue that they make every year. IMO.
- walterbell 4y agoDo professionals benefit economically or quality-wise from the increased demand by would-be prosumers, similar to photography? Some industries rely on volume sales from lower priced and lower quality products, to justify the development of a few high-end halo products that sell in much lower volume. Apple phones (and Festool?) are relatively rare in offering relatively unsegmented products at high prices and profit margins, where most buyers have access to similar product features.