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That reminds me of "Chinese marketing" strategy by a lot of Western companies 30 years ago when their economy first opened up. There are billion people in China
by nradov 9mo ago
That reminds me of "Chinese marketing" strategy by a lot of Western companies 30 years ago when their economy first opened up. There are billion people in China so if we can capture just 1% market share there then we'll make a fortune, right? Spoiler alert: it (mostly) didn't work.
- mg 9mo agoSometimes it works. Steve Jobs aimed for 1% market share with the iPhone: https://youtu.be/VQKMoT-6XSg?t=4605 https://youtu.be/VQKMoT-6XSg?t=4605 Now it is at 20%.