Attention Hardware Founders: While you are chasing 50% margins, a small city in China is dominating the globe on less than 1 cent of profit per product. It’s...

cross-posted from: https://hexbear.net/post/8357952

Attention Hardware Founders: While you are chasing 50% margins, a small city in China is dominating the globe on less than 1 cent of profit per product. It’s not cheap labor; it’s the ruthless execution of “Extreme Micro-Optimization.”