Question: Apple is considering introducing a new wearable with greater functionality. The fixed cost to launch this new product is $38M (million). The variable cost for

Apple is considering introducing a new wearable

Apple is considering introducing a new wearable with greater functionality. The fixed cost to launch this new product is $38M (million). The variable cost for the product is expected to be between $100 and $400, with a most likely value of $250 per unit. The product will sell for $720 per unit. Demand for the product is expected to range from 1,000,000 units to approximately 25,000,000 units, with 10,000,000 units the most likely. Use the Apple sheet. Develop a what-if model computing profit for this product in the base-case, worst-case, and best-case scenarios. Integer Only, no dollar sign and no separating commas. Report in millions. For example, if the answer is 10,000,000 (10M) then report 10. Profit of Base Case: Profit of Worst Case: Profit of Best Case

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