Agreed. Hardware costs a ludicrous amount of money to design. It costs a ludicrous mount of money for each prototype run, of which there will be several. It

Agreed. Hardware costs a ludicrous amount of money to design. It costs a ludicrous mount of money for each prototype run, of which there will be several. It costs a ludicrous amount of money to have PCBs fabbed. It costs a ludicrous amount of money to design a nice case that everything fits into and that doesn't destroy the radio signal. It costs a ludicrous amount of money to hire RF engineers for anything. It costs an above-average amount of money (for HN) to develop software and firmware for hardware. It costs a ludicrous amount of money to package for consumers, to store, and to ship. It cost a ludicrous amount of money to convince stores to carry your product. It costs a ludicrous amount of money to support the product and the customer after it has shipped to market. I would be shocked if $32 million covered the development and first run of product (assuming first run >100,000 units).