LOL...then there's R&D (massive cost), regulatory, taxes, facilities, utilities, shipping, advertising, retail markup, and dozens of other major expenses in bringing a smartphone to market.
And interest on debt incurred to cover those costs and a profit margin attractive enough to convince some person or group of people to build it all up.
Yeah, people like this think the place to do business and all the utilities are just magically always there once the person or business buys the property! It's a shame some people have become this dumb. It boggles the mind that anyone could be that dumb and not have trouble feeding and clothing themselves!
The sad thing is that they think they are smarter than everyone else. The people who think they know the most are the dumbest people on the planet. For proof, visit Reddit.
Maybe they should start their own business and then they can keep all of the profit from their labor. Will they be surprised to find it's not quite the 80% they seem to think it is?
Short-sighted thinking. There is a slew of other costs they are missing.
The actual assembly labor costs about $50 when it comes to the human assembled parts. It takes about 3 hours of total assembly labor by 4 people. At today's labor rates of China - that amounts to about $50 in the cost of raw assembly labor. But that labor rate varies with the Yuan/dollar ratio. The biggest value add, though, is the shortness of the supply chain for componentry.
This reminds me that Mitch Hedberg joke: "I want to get a job as someone who names kitchen appliances. Toaster, refrigerator, blender.... all you do is say what the shit does, and add "er". I wanna work for the Kitchen Appliance Naming Institute. Hey, what does that do? It keeps shit fresh. Well, that's a fresher....I'm going on break."
LOL...then there's R&D (massive cost), regulatory, taxes, facilities, utilities, shipping, advertising, retail markup, and dozens of other major expenses in bringing a smartphone to market.
And interest on debt incurred to cover those costs and a profit margin attractive enough to convince some person or group of people to build it all up.
Labor theory of value is so stupid.
This is what we're up against.
And all of the software development and all of the risk.
Yeah, people like this think the place to do business and all the utilities are just magically always there once the person or business buys the property! It's a shame some people have become this dumb. It boggles the mind that anyone could be that dumb and not have trouble feeding and clothing themselves!
WOW! Stupidity on a whole new level right there!
The sad thing is that they think they are smarter than everyone else. The people who think they know the most are the dumbest people on the planet. For proof, visit Reddit.
Maybe they should start their own business and then they can keep all of the profit from their labor. Will they be surprised to find it's not quite the 80% they seem to think it is?
Short-sighted thinking. There is a slew of other costs they are missing.
Odd how they never do
The actual assembly labor costs about $50 when it comes to the human assembled parts. It takes about 3 hours of total assembly labor by 4 people. At today's labor rates of China - that amounts to about $50 in the cost of raw assembly labor. But that labor rate varies with the Yuan/dollar ratio. The biggest value add, though, is the shortness of the supply chain for componentry.
This reminds me that Mitch Hedberg joke: "I want to get a job as someone who names kitchen appliances. Toaster, refrigerator, blender.... all you do is say what the shit does, and add "er". I wanna work for the Kitchen Appliance Naming Institute. Hey, what does that do? It keeps shit fresh. Well, that's a fresher....I'm going on break."
That's what these armchair economists sound like