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> A few decades ago anyone with a billion dollars could start making cellphones Did you mixed-up million and billion? A billion dollar is a gigantic pill of m
by kakwa_ 3y ago
> A few decades ago anyone with a billion dollars could start making cellphones
Did you mixed-up million and billion?
A billion dollar is a gigantic pill of money. This feel a bit like saying "anyone with a British crown on his head can reign over the UK".
Also, looking at Fairphone, they operate with a fairly reasonable budget: all revenue, including phone sells in 2022 are around $60M, and if we exclude production, ~$17M are needed to pay for product development, marketing, support and all other expenses for a year. At 2 years to create a phone, that's ~$30M.