I might be mistaken, but it appears to me that they might have ways of monetizing user data.

From the privacy statement:

> We allow others to provide analytics services and serve advertisements for us across the web and in mobile applications. These entities may use cookies, web beacons, device identifiers and other technologies to collect information about your use of the Services and other websites and applications, including your IP address, web browser, mobile network information, pages viewed, time spent on pages or in apps, links clicked, and conversion information. This information may be used by Wyze and others to, among other things, analyze and track data, determine the popularity of certain content, deliver advertising and content targeted to your interests on our Services and other websites and online services, and better understand your online activity.

In my opinion the hardware prices are cheaper because it's sourced out of China and the product is at the lower end but worth every penny. I use to source widgets out of China that were amazing quality. I would have them delivered to my factory in Canada. The price of the finished product delivered to my factory door step was cheaper than the cost of raw materials in Canada. There were no duties involved since the HS Code of the item was duty free and China had Most Favored Nation Status.

So that's probably how they do it. The Camera costs them a few of $$ delivered and they sell it for $20 +. The only draw back is that the Chinese copied the design and would be selling in their internal market or markets where Wyze wasn't in yet.