I understand how Wyze must be on the fence about enabling RTSP, and would like to offer my humble thoughts on why RTSP could be a win for both the consumer and company.
While I doubt Wyze is taking any kind of loss on hardware, they have priced their cameras low enough that there can’t be a significant margin on each unit.
This is why it likely doesn’t matter if everyone in this thread and on Reddit says they will buy 10 or 20 if RTSP is enabled.
That’s 10-20 units with slim to no margin and if what they are trying to do is grow the user base prior to bringing out a paid subscription tier of cloud services, users who purchased specifically because of RTSP will likely not be sources of future recurring revenue for additional cloud services.
How I think RTSP would actually benefit Wyze goes something like this:
The percent of home users shopping for cameras similar to Wyze is large, as can be seen by the push from Google, Amazon and others into the space. Even my non-technical parents have picked up some much more expensive cameras so they can peek in at their pets while away.
However, the portion of that potential market that also have some kind of home server, NAS, or actual use for RTSP must be minuscule in comparison.
It’s a geeky, somewhat technical feature request, we’re just a loud bunch online.
The people that use RTSP likely also provide tech support and recommendations to family and friends, post on places like Reddit, twitter, forums etc…
They become the evangelists for Wyze because of the positive experience they have with the company and hardware.
They may not generate much revenue beyond the initial sale, but they boost the user base, and spread the recommendation for Wyze cams to a larger group who are likely to be interested in future cloud offerings.
As long as Wyze is not taking a loss on each camera sale, they are out nothing but development time for enabling RTSP even if it potentially loses a subscription sale, but for each happy RTSP customer in the wild, that is one more person recommending their cameras to those who are more likely to subscribe.
Just my 2 cents, and of course it’s all just speculation, but I think it is not only good in terms of marketing but also good for business growth.