The True Cost Of Wearable Tech
This entry was posted on Thursday, April 2, 2015.
You might believe that wearable technology is expensive. And you'd be right. If we're talking about the retail price consumers pay for these devices then we are talking about hundreds, even thousands of dollars.
But how do those prices compare to what it cost to manufacture the item, including the design? Well, then we'd all be paying a whole lot less for our latest gadgets.
Jason Perlow, writing Tech Broiler and ZDNet says these fancy new devices should be closer in price to the $50 range than hundreds of dollars. And within the next few years prices could drop even lower.
There's a catch, of course. (There's always a catch.) It would require manufacturers to simply the guts inside these devices so they can be easily duplicated; so that each device doesn't need to be built by hand, but can be assembled in minutes with off-the-shelf parts from their warehouse.
When that happens, he says (if that were to happen) we could all be wearing Apple watches with a "different band for each day of the week."
Read more of his take on the industry here.