Quote:
Originally Posted by kodyo
It's good to have some indication on what it costs to produce a product vs. what it's sold for. Just because a product has a huge markup doesn't mean it's over priced, necessarily, but it can lead the consumer to make a more informed decision.
|
Intel has a 50%+ gross margin on their products.
The only thing product "cost" tells me is how cheap raw materials are. It does not tell me how good a company is at marketing their product, positioning it, bringing it to market efficiently, and all the other things that make a product appealing to me.
If we were to judge all things sold in this world based on material cost only, there would be no incentive to be innovative. Crawford obviously is first to market with this product, they deserve all the accolades right now considering no one else has brought anything to market.
-alex