How Nokia Manufacture 10 Cellular Phones Per Second in Factories?
“Nokia is one of the world’s largest and most sophisticated manufacturers. Though highly automated, the production process still involves significant human intervention, from placing high-value components like digital camera module by hand, to visually inspecting and testing finished products, to packing phones in boxes.
For strategic reasons, Nokia does virtually all this work itself, rather than farming it out. Why? To ensure control over the process and keep costs down. The formula seems to work. On average, it costs Nokia 69 euros ($87.63) to make a phone, and on average it sells phones for 102 euros ($129.54), leaving a gross margin of nearly 33%, better than its rivals can muster
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