This was the New year greetings of 2018, the same holds good for 2020.
Making Simple, Safe, Sensible and Sturdy Electronic Products should be the aim of any Electronic Engineer. A prototype should be developed to become a Cost effective Solution.
Never ship Beta products or sell them at High Prices. New products if not tested and developed completely should be marked Beta and Sold at lower prices.
When a manufacturer is on "The Rising Edge of the Learning Curve" (delabs phrase 1998) for a product line, he has to sell products marked beta at lower price or wait till the development is mature. I have learnt this from my own blunders.
In Software Beta markings are clear, even in Webapps they mention. Hardware Industrial products are never sold in beta state. Then the Gadgets boom led to many beta products being sold to consumers at regular prices. This should be avoided to protect the brand name and the reputation of that business segment itself.