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This meme about Apple products deriving most of their demand from being status symbols is a decade or two out of date. For many years, iPhones have had comparab
by tshaddox 5y ago
This meme about Apple products deriving most of their demand from being status symbols is a decade or two out of date. For many years, iPhones have had comparable tech specs and pricing to competing flagship smartphones. Also, even if they are status symbols to some extent, they almost certainly are not Veblen goods. Do you think Apple would sell fewer iPhones if they dropped the price of every model by 25%? No way.
- historyloop 5y ago> This meme about Apple products deriving most of their demand from being status symbols is a decade or two out of date. Both of you are arguing on which side of an ideal abstraction (Veblen goods) Apple is. Seems silly to me. Apple products ARE status symbols in many countries, that's what most of the Chinese market is for Apple presently. They're also playing as utilitarian tech products with mass appeal. Apple has always had this hybrid strategy, it's not one OR the other. A quick look at their profit margins vs. the competition will show that they're marking up their products significantly above the competition. And I mean in profit margin specifically, so that we don't have this argument about whether they have more expensive software and hardware in principle (they do, but most of it is profit margin). And also sorry but this is a $15 battery sold for $99, even as an Apple user they're losing me here. Some of their accessories are literally for people who want to spend money on Apple shit.
- thefz 5y ago> For many years, iPhones have had comparable tech specs and pricing to competing flagship smartphones Yet the prices almost double.
- tshaddox 5y agoNo, certainly not.