Eben Upton4:28
This is the single biggest change in Raspberry Pi in the commercial part of Raspberry Pi, is the move from being purely an electronic products company to a blend of an electronics product company and a semiconductor company. We launched RP2040 in January of 2021, amazing time to launch a microcontroller when you couldn't buy anybody else's microcontroller, so you know that's a bit of luck there. Yeah, very very low prices. This is why, you just wait. And the other really important thing, I've also been inspired by SpaceX here actually, because SpaceX you can go on their website, you can still go on their website I think, and they'll tell you what a rocket launch costs. You can't go on Boeing's website and Boeing won't tell you what a rocket launch costs, you have to negotiate with them. I'm sure you know, SpaceX say our rocket launch costs this much money, you write us a check, we'll launch you a rocket, right? That was just inspirational, this idea that you know the semiconductor pricing in the semiconductor industry. We have people working for us at Raspberry Pi who used to work for mainline, you know, broad line semiconductor companies in sales and marketing, and they used to have tools to help them price their product for a particular customer that was designed to milk as much money as they could out of every customer. My idea is like, well, I'm just going to make this chip, I'm going to tell you what it costs. RP2040, it costs 70 cents if you buy 3400 of 13-inch reel, it costs 80 cents if you buy 500 units on a 7-inch reel, and it costs $1 if you buy one of them, right? That's it. That's the story. Now if you go to our, you know, we sell it through distribution. If you go and try and get one of our distributors to sell you a million units, I'm sure they'll do you a deal, right? But, you know, but that's none of my business. That's none of my business. So, low pricing, transparent pricing, we're not done with low pricing yet, either. So, you know, so what was wonderful for me as a maker was that there were maker companies that were going to go bankrupt, right? In 2021, 2022, when they couldn't buy silicon, we kept maker companies alive, right? When they were abandoned by ST, when they were abandoned by NXP, when they were abandoned by Microchip. These companies who owe some of their success to the maker movement abandoned the maker movement. We tried to stay true, we tried to the best of our ability through the crisis, we tried to stay true to the maker movement, particularly to the maker pro world. These people, you know, we talk about, you know, with the big Raspberry Pi products, we had to, we said we prioritized industry during the shortage. When people think industry, they think multinational companies. Yeah, sure, we sell Raspberry Pis to multinational companies. But most of our business by, you know, they're startups. It's hundreds, it's a hundred units, it's a thousand units. It's a married couple who mortgaged their house to start a business. Right, what are we going to do? We're going to cut them off? You know, we like, you know, so we tried really hard and RP2040, because it was in unlimited supply at a point where the big Raspberry Pi products were in shortage, that was kind of like that was the backbone of our ability to make a contribution.