[/QUOTE]
Back to 1 cent by Christmas...
If not the end of the week...
If not sooner.
Can’t you see they are reducing their margins by dropping their prices? Don’t you think a 50% discount eats into their profit margin?
What do you think the cost of the units are? Below a $1? Please, be sensible, you’re sounding naive.
They are desperate to clear inventory at any cost, even below cost imo... desperate times call for desperate measures, now or never, go for broke.
Every last cent has been spent on advertising 2 pieces of overpriced flying rubbish to suckers intent on buying a Christmas present before checking reviews.
When Christmas is over, they will tally up the sales, report a huge success and neglect to let you know of the mass returns.
January/ February for next CR on the back of a “huge success”. Ain’t no amount of revenue that will make this one profitable.
Good luck to the traders, good coin to be made on the back of this.
IMO DYOR
IOT Price at posting:
1.5¢ Sentiment: Sell Disclosure: Not Held