As per me To achieve cost-effective innovation while meeting customer needs, consider these strategies: • Customer-Centric Co-Creation: Engage customers early in product development through surveys and beta testing to create solutions they truly value, minimizing costly redesigns. • Focus on essential features that solve key customer pain points, avoiding unnecessary complexity and reducing production costs. •Open Innovation Partnerships: Collaborate with startups and tech communities to access new ideas and reduce R&D expenses. •After-Sales Service Innovation: Offer affordable maintenance plans or extended warranties, enhancing customer satisfaction and loyalty without heavy upfront investment.

Maintaining a balance between innovation and cost-efficiency in the consumer electronics industry involves implementing several strategic approaches: 1. Modular Design Implementation 2. Supplier Partnerships 3. Lean Manufacturing Principles 4. Investment in R&D 5. Customer Feedback and Market Analysis 6. Agile Project Management

Based on the needs of consumers, it is necessary to understand the economic capacity of consumers electrons to purchase, knowledge and use.

Designing consumer electronics with Chinese-designed chips offers a significant cost advantage, as these components provide about 80% of the performance at a fraction of the price. In most consumer electronics, raw materials account for 60%–80% of COGS, with key electronic components, like the MCU or Wi-Fi module, taking the largest share. Chinese manufacturers lower costs by selecting local chips over more expensive U.S.-designed alternatives. Choosing hardware that's 'just enough' for the task is essential, and Chinese chips make this strategy highly effective.

Take Intel as an example, it has advocated many industrial standards and forums, lowered the threshold for entering the industry, and formulated specifications and specifications related to materials, design, and manufacturing. Ignore that Intel has the operating difficulties at this moment. The company actually has a great influence on the information industry. For the three projects discussed in this article, answers or examples worthy of reference can be found in Intel-related documents and leading associations and forums. In the past work experience, referring to Intel's design documents, it can be divided into three parts: design - technology transfer - application to optimize the goals mentioned in the article.