Has Chen Dong gone mad to lose such a large sum of money?
"Longteng VCD cut the price in half, I really had no choice. Now Wanjia VCDs aren't selling, and we have to factor in the triple wages for our employees every day. So much stock is still being shipped out, and the warehouse is about to overflow..."
At this point, Jiang Wanmin was as anxious as an ant on a hot pan.
The faces of the Li father and son were also particularly grim at this moment.
This is worlds apart from their previous plans; how can anyone accept this?
Not to mention, the products aren't selling and we're losing so much money every day. All of this is money, so much money!
"What should we do now? Even if we were to engage in a price war with Longteng VCD, it's unrealistic! Wanjia VCD is currently priced at 4,000 yuan. Even though the profit margin was high before, they've cut the price in half. We can't have a price advantage... Licensing fees, worker wages, public relations, and advertising costs add up to a considerable expense. If we really engage in a price war, we won't just fail to make a profit, we'll lose everything."
Most importantly, in order to quickly seize the market, Wanjia VCD also purchased the official copyrights of many popular movies and TV series.
This was a huge investment, and at the time they thought they could recoup their costs or even make a fortune from the large sales of Wanjia VCDs.
However, it is becoming increasingly unlikely that this plan can be realized.
Li Zeju did the math, and it was better not to. Once he started calculating, he felt like his head was about to explode.
What exactly is going on here?!
But if they don't lower prices and compete, what will happen to the 5 million VCD players they plan to produce by March, leaving so much unsold inventory?
"Now we don't even have the possibility of losing money to gain publicity, sigh..."
......
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