Apple goes for thinner margins for its HomePod
Profit margin is only 38%, but it is going for volume in field of rivals like Amazon's Echo
San Francisco
APPLE Inc's HomePod, the company's first foray into speakers in a decade, costs US$216 to build and generates thinner profit margins than other products like the Apple Watch and iPhone, according to analysis by TechInsights.
Given the gadget's US$349 price, that US$216 cost suggests Apple is generating margins of about 38 per cent, said the product analysis firm.
TRENDING NOW
Firm loses wrongful dismissal case despite following termination clause
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation
Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ