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iPhones might be a Veblen good. They could probably release a $5000 or $10,000 model and there would be a market for it. Plenty of people buy $50,000 watches.
by ForHackernews 8y ago
iPhones might be a Veblen good. They could probably release a $5000 or $10,000 model and there would be a market for it. Plenty of people buy $50,000 watches.
- zelos 8y agoDidn't Apple stop making the super expensive Apple watch, though?
- ForHackernews 8y agoThe Apple watch is a low-status dorky, uncool watch. The iPhone is a cool, high-status phone.
- joejerryronnie 8y agoPatek Philippe or nothing!
- deleted 8y ago[deleted]