Semmelhack: Hardware price advantages are temporary due to low-cost overseas competition
Peter Semmelhack · Panel Discussion // NYC Data Business Meetup // May 2013 · Dec 5, 2013 · at 20:58
Peter Semmelhack (founder/CEO of Bug Labs) explains why IoT companies cannot rely solely on physical hardware manufacturing for sustainable margins.
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“If you make a thing, any price advantage you have is temporary because somebody will make it faster and cheaper, usually coming from overseas.”
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