The Chinese electronics market in 2002 was booming.

Starting from this year, more and more domestic brands began to venture into electronic products such as mobile phones and MP3 players.

But this is also a stage of trial and error, where imitation is better than independent research and development.

This has resulted in international brands firmly controlling the mid-to-high-end market, leaving everyone else to fend for themselves in the low-end market.

Even so, the vast low-end market in China remains largely untapped.

At this moment, counterfeit phones are the mainstream in the low-end market, and domestic brands are only just beginning to figure things out.

Even if the profit margin is lower, such a market is still an unimaginably huge pie.

In the mobile phone industry, many mobile phone brands emerged during this period.

At this moment, the two brands, Bird and TCL, have taken up the banner of domestic mobile phones, occupying less than 20% of the market share.

This figure is more than double that of 2000.

However, despite such a promising market environment, domestic mobile phones were like a flash in the pan, disappearing from the market one after another in just a few years.

Ultimately, it all boils down to the fact that no one has their own technology; they just make a living by assembling parts.

In a revolution of mobile phone chips, with the arrival of the 3G era, everyone could only retreat in disappointment.

In any field, the suppression caused by technological gap is always the most fatal.

But Longyao phones are different.

Although it is also a counterfeit product, it has its own chip system.

If it weren't for the fact that other components weren't lagging behind, Su Wu could have directly moved on to technological iteration.

Of course, there is an even more crucial factor involved, namely the core program.

Su Wu is simply integrating the programs from Motorola, Samsung, and other mobile phones; he hasn't made many changes.

Don't underestimate the power of a simple mobile phone app.

It would be very difficult for Su Wu to independently complete the development of a completely new program.

Even if he could do it, it would take him a lot of time and energy.

Moreover, he believed there was no need to do so, as smartphone systems were the only way forward, and pursuing other solutions would be counterproductive.

This would require Su Wu to have a team composed of talented individuals in this field.

No matter how strong a person is, there are ultimately limits to what they can do.

Su Wu understood this well, which is why he was so eager for talented people.

However, given the current domestic environment, there are far too few such talents.

As for those talents from abroad, they can't be hired just by having money.

Their deep-seated regional prejudice outweighs their desire for money.

With the chips not selling, Su Wu's thinking gradually began to change.

After all, money is the key to courage, so making money is the priority.

Otherwise, how would he support so many people, and how would he train and recruit talent?

Since Longyao phones are now doing well in the low-end market, they should go all out to capture that market share.

This accounts for more than 50% of the Chinese market; it's enormous.

Seeing the still somewhat puzzled looks on everyone's faces, Su Wu took a deep breath.

"Currently, the domestic high-end mobile phone market is dominated by international brands such as Motorola, Nokia, and even Samsung, accounting for less than 50%, which I think everyone is aware of."

"So what about the rest of the market? What percentage do domestic brands account for? Less than 25%!"

"Our phones are receiving such a strong response in the low-end market right now, why not capitalize on this opportunity?"

"What's wrong with lower profits? As long as we occupy a large enough market, why should we worry about not having enough to eat?"

"I think we should focus on developing the low-end market and look to the mid-range market. That's what we should be doing now, instead of being unrealistic!"

"An 800 yuan phone is still too expensive. We need to develop a batch of phones priced around 500 yuan while ensuring performance and appearance!"

Su Wu spoke eloquently, without mentioning any profound feelings or lofty righteousness.

Even though he wanted to revitalize domestic products, he didn't say it out loud.

From a business perspective, he has no need to manipulate or manipulate anyone.

These people may have some sentimental reasons for following him, but more importantly, it's about self-interest.

Su Wu had a profound understanding of this point in his previous life.

After hearing Su Wu's words, Gao Qiang and the others finally showed expressions of agreement.

These people have indeed become somewhat arrogant because they are able to produce nanoscale chips.

Gao Qiang pursed his lips and said solemnly, "The boss is right, we were overambitious. But is a 500 yuan phone really worth it? Is there a market for it?"

Upon hearing this, Su Wu revealed a bright smile.

"The Dragon Glory Jelly series is just to cater to the needs of young people. We could even develop gaming phones, but what about the middle-aged and elderly market? What about the low-income market?"

His words immediately prompted everyone to think.

The deep, low-end market is now dominated by PHS phones, second-hand phones, and counterfeit phones.

This market segment is also very large and contains enormous potential.

If Longyao phones can bring down prices while maintaining performance, then getting a share of the market won't be difficult.

Looking around, Su Wu smiled and took out a silver Dragon Glory Jelly series phone.

"It wouldn't be an exaggeration to call this a music phone. We could change the advertising. Wouldn't it reduce costs by removing the MP3 function and large memory?"

“This…indeed.” Gao Qiang’s eyes lit up.

They're completely blind to what's right in front of them.

Such a phone only needs some functions removed; there's no need for it to be redeveloped entirely.

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