Katz: Audible's first player cost $208 to manufacture and sold for $215
Don Katz · Audible: Don Katz · Nov 1, 2021 · at 41:43
Audible founder Don Katz describes the challenging unit economics and slim margins of their first proprietary hardware player launched in 1997.
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“But it cost us 208 dollars to make that little device, and we tried to sell it for 215 dollars.”
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