He said his manufacturing cost is $650 using US components vs $550 using foreign components. So the manufacturing cost is about 18% more
But he also said that he’s selling the US-made phone for $2000 vs $799 for the one using foreign components, so the consumer (retail) cost is about 150% more
His profit margin on the US phone is a bit more than twice that of the Chinese phone
I don’t know if he’s comparing apples to apples (ha!) when he says his Chinese phone is comparable in cost to an iphone, because the specs could be totally different
To only be $100 more to make it in the US seems surprising, but perhaps less so if they are outdated components
He said his manufacturing cost is $650 using US components vs $550 using foreign components. So the manufacturing cost is about 18% more
But he also said that he’s selling the US-made phone for $2000 vs $799 for the one using foreign components, so the consumer (retail) cost is about 150% more
His profit margin on the US phone is a bit more than twice that of the Chinese phone
I don’t know if he’s comparing apples to apples (ha!) when he says his Chinese phone is comparable in cost to an iphone, because the specs could be totally different
To only be $100 more to make it in the US seems surprising, but perhaps less so if they are outdated components