The Red Magic 7 Pro is a high-end smartphone that is known for its impressive performance and gaming capabilities. However, it comes with a hefty price tag that may not be suitable for everyone's budget. The expense of the Red Magic 7 Pro can be attributed to its advanced features and specifications, as well as the brand's reputation in the gaming industry. This smartphone boasts a powerful processor, ample RAM, and a high-resolution display, making it ideal for gaming enthusiasts. Additionally, it offers a variety of gaming-centric features such as customizable RGB lighting, touch-sensitive triggers, and a high refresh rate screen. While these features undoubtedly enhance the gaming experience, they also contribute to the overall cost of the device.
During Shark Tank Season 14 Episode 5, we got an official Magic 5 update. In the first 24 hours of airing, the company website got 1,000x its normal traffic, resulting in $45,000 in sales in 24 hours! Since Shark Tank , Magic 5 has done over $4.1 million in sales.
Bo Haaber and Rasmus Barfred have created new technology a scanning algorithm that allows them to create custom swimming goggles that fit your face perfectly. The SMOKE tint in the glass makes sure that you are well protected against the sun while at the same time providing a clear view in both indoor and outdoor conditions.
While these features undoubtedly enhance the gaming experience, they also contribute to the overall cost of the device. Furthermore, the Red Magic 7 Pro is equipped with a large battery that supports fast charging, allowing users to enjoy extended gaming sessions without worrying about running out of power. However, this advanced battery technology also adds to the expense of the device.
The Magic 5: Shark Tank Update After the Show
The Magic 5 is the brainchild of young entrepreneur Rasmus Barfred and his uncle Bo Habber. The Magic 5 promises a custom-fit for swimming goggles, something that swimmers have long been yearning for.
Both Barfred and Habber are triathletes and have been swimming competitively for ages. There is also a third partner in the mix, Nicholas Granet – who is a professional swimmer for the Danish swimming team.
All three owners came from Denmark and appeared in episode 1303 of Shark Tank, where they approached the sharks for funding to take the project forward. The idea for the custom goggles first came up when Bo noticed water leaking into his one-size-fit goggles.
The goggles didn’t really go well on his face and were leaking water, eventually blurring his vision. Bo decided he wanted to do something about it, and eventually paired up with his partners to roam the world and find a futuristic fix to the problem.
The Magic 5 is based on technology of the highest order to provide swimmers with custom-fit goggles right in their homes. Customers can simply download an integrated Magic 5 application to scan their faces. The process is the same as taking a selfie. The tech application then creates a custom-fit goggle design that is as per your facial dimensions.
The Magic 5dumps the ‘one-size fits all methodology’ with a more realistic ‘one-size should fit only one’ methodology. The Magic 5 started operations back in 2017 when they had successful funding of over $100,000 from Kickstarter.
They have come a lot over the years to open their own production facility in Charlotte, North Carolina. The production facility is capable of delivering goggles within five days of the user first scanning their app.
Rasmus and Bo made an entry into Shark Tank, looking for almost $500,000 in equity. In return, they were willing to offer a 2.5 percent share in the business.
Both nephew and uncle went on to explain the particulars of the goggles and how they work to achieve conventional results with a twist. The end objective for all three partners is to provide all swimmers with custom-fit swimming goggles within their homes.
The Sharks are shown samples of what the goggles look like (not customized for them). Some of the sharks are amazed at the fact that the goggles industry is worth over $2.2 billion. Nirav and Robert already know these facts, hence aren’t impressed.
The Magic 5 has gathered over 40,000 customers to date and has made revenues of over $3 million from 2018 onwards. The company has experienced growth at a 3X annual rate. Robert finds the idea to be logical.
Bo tells the Sharks that the goggles cost some $14 to make for a custom-fit and sell for some 55 dollars. The customer acquisition cost for each dollar is marketed at $24. As of now, the company has generated over $1.5 million with a valuation of over $9 million.
2020 saw $2.2 million in sales, even with the growing concerns of the pandemic. The manufacturers decided to move to the United States because the market here is bigger and better. A few of the parts for the goggles come from China, while the assembly is done at the Charlotte plant.
Mark is the first to speak up and says that the three partners are not running a goggles company but a robotics company. He likes the overall look and feel of the product and is willing to pitch in $500,000 for 7.5 percent in the company.
Kevin and Nirav offer a joint bid of $500,000 for 5 percent shares in the company. They also want $3 in royalty for every unit sold by the company until a cumulate figure of $1.5 million is reached.
Robert is keen about the company’s prospects and offers $500,000 for 5 percent equity. Lori shows eagerness to join either of Robert or Mark and says she will bring some more sales expertise.
Robert bids for 6.5 percent in equity for an investment of $100,000. The Magic 5 accept the offer and shake hands on their deal with Robert.
In conclusion, the Red Magic 7 Pro is a high-end smartphone that offers impressive gaming capabilities, but its price may be a deterrent for some consumers..
Reviews for "The Red Magic 7 Pro: A financial burden or a worthwhile investment for mobile gamers?"
1. Alex - 2/5 stars - I was really disappointed with the Red Magic 7 Pro. The phone felt sluggish and laggy right from the start, and I wasn't even running any heavy apps or games. The battery life was also quite poor, barely lasting me through a full day of moderate usage. On top of that, I experienced multiple software bugs and glitches, which made for a frustrating overall experience. I had high hopes for this phone, but it just didn't live up to my expectations.
2. Sarah - 2/5 stars - The Red Magic 7 Pro was a letdown for me. The design and build quality of the phone were decent, but the performance was lacking. I encountered frequent stutters and freezes while navigating the UI, and the camera quality was subpar, especially in low-light conditions. Additionally, the phone tends to overheat even during simple tasks, which is quite concerning. Overall, I don't think the Red Magic 7 Pro is worth the high price tag considering its underwhelming performance and reliability issues.
3. Mike - 1/5 stars - I regret buying the Red Magic 7 Pro. The phone's software is riddled with bloatware and unnecessary pre-installed apps, which slowed down the device significantly. The display quality was also disappointing, with noticeable color banding and poor viewing angles. The battery life was a major letdown, needing to be charged multiple times a day even with basic usage. Overall, I found this phone to be a waste of money and would not recommend it to others.
4. Emily - 1/5 stars - I had high hopes for the Red Magic 7 Pro, but it turned out to be a huge disappointment. The phone's performance was extremely sluggish, even after multiple software updates. The camera quality was also mediocre, producing grainy and dull photos. The fingerprint sensor was unreliable and often failed to recognize my fingerprint. Overall, this phone did not offer a satisfying user experience and felt like a downgrade from my previous device. I would not recommend the Red Magic 7 Pro to anyone looking for a reliable and high-performing smartphone.