Twenty-six percent.
Do the math.
Seven million units, with profits exceeding ten billion RMB. It can be said that among mass-produced smartphones, the profit margin is definitely the highest. Other mid and low-end phones have profits that barely reach double digits.
Moreover.
They are constantly reducing in price wars.
In a previous life.
The major mobile phone manufacturers had single-digit profits, almost without exception, with only Apple exceeding twenty percent, earning handsomely. With cash reserves of over a trillion RMB, they stood above all rivals.
Immensely prosperous.
Afterwards.
Even when subsequent product market shares kept dropping, and blunders were common, they still thrived, and they could endure a loss of billions of dollars a year for over ten to twenty years without going out of business.
Many companies were envious to the point of vomiting blood.
This time around.
While I may not be able to replicate it fully, I can still carve out a niche.
...
