4 ms·
Hermès is French.
by stephencanon 8y ago
Hermès is French.
- newnewpdro 8y agoOne would expect them to suffer in China as well if the cause were economic, which I believe is the point the parent is making.
- stephencanon 8y agoThat’s a reasonable interpretation, thanks. I’m not sure that it tells us much given that Apple and Hermès are in fairly different markets, unfortunately.
- lern_too_spel 8y agoThey're both in the luxury fashion market in China.
- stephencanon 8y agoThe population of people who can justify a $1k scarf is a small portion of the population who can justify $1k for the object they use for almost everything, even in China.
- lern_too_spel 8y agoYou can buy a scarf that works just as well for much less, and you can buy a phone that works better for Chinese consumers for much less. The reason to buy an iPhone or a Hermès scarf for a Chinese consumer is fashion.
- sonnyblarney 8y agoApple is not quite a luxury good. Hermes is. They are definitely in different categories.