Geometrically, it has its point (4)
I believe the answer is:
cone
'geometrically it has its point' is the definition.
I can't judge whether this definition defines the answer.
'it has its point' is the wordplay.
'it' becomes 'e' ('e' can mean 'electronic' which is similar to 'IT').
'has' means one lot of letters go next to another.
'its' becomes 'co' (I am not sure about this - if you are sure you should believe this answer much more).
'point' becomes 'n' (North).
'co'+'n'='con'
'e' put after 'con' is 'CONE'.
Can you help me to learn more?
(Other definitions for cone that I've seen before include "Geometric solid - fruit of pine" , "Circular pyramid" , "Dry fruit of many evergreen trees, say pine" , "16 Cornet" , "Geometrical shape" .)