600,000 people sent in $100 deposits for this thing—!😧 (Dumbass is laughing all the way to the bank. )

  • auntieclokwise@lemmy.world
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    11 hours ago

    I mean they could have jumped on Alibaba, had a customized firmware, had the “gold” color, had a logo or something screen printed on the outside, and probably spent less than $100/phone, at least if current listings are correct. Sell the things for like $299 and they clear $200 profit on each with nearly no effort.

    • Trainguyrom@reddthat.com
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      3 hours ago

      That’s exactly who an ODM is, and Original Design Manufacturer. In the mobile space it’s generally some tech giant like Foxconn which makes tons of devices for tons of brands, and they generally have their own generic designs that they’ll happily white label for any brand