kmanmx
Golden Master
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The materials cost, certainly, but you've got to factor in the cost of R&D, marketing, logistics, management etc. required to bring a product to bear.
Fo sure, but I still bet the margins on those £500+ IEMs are quite a lot better than on £500+ headphones.
In other news, reading the comments to this: https://n4g.com/news/2269643/stadia-4k-streaming-will-use-up-1tb-of-data-in-65-hours
Peasant americans forgetting only their lame ISP's have data caps. Hardly anyone in Europe has capped internet at home.