I worked for a consumer audio business for several years, from 2012-2015 and 2017-2020. It was a tiny company and we aimed directly for the middle of the market, say $100-300, which for our target customer, was expensive. Mainstream. (I won't say which one but you can probably figure it out if you're good with Google.) So much of what I say won't apply to bigger companies, or higher-end ones.
However, it might be good to know a little bit of what goes on behind the scenes. I see some assumptions about the biz that are not quite on the mark here and there, so maybe my experience can "lift some veils".
None of this is actually secret (it would be common knowledge for anyone employed in the industry) but isn't well-known outside of it. This audience has a lot of professionals in it so a lot of this might not be news to you. Also, I only worked at small volumes. Our company was a startup and about 10 people. My view of the industry would pale in comparison to someone who worked for...