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I want to believe you - it seems logical. But everything in front of me suggests they do not know how to price things! If you disagree with me, that's okay.
by codeslush 15y ago
I want to believe you - it seems logical. But everything in front of me suggests they do not know how to price things! If you disagree with me, that's okay. But I have to believe they could have sold every single unit today for $200 to $250 per unit. Instead, this "company that has made thousands of products since 1939" dumped them all for $99 to $149. I don't know how many units were purchased today, but I can assume it was in the 100's of thousands - it was EVERYTHING that was available and I couldn't get my hands on one quickly enough. Clearly, they could have sold them for a higher price - how high? I don't know. But my strategy would have been to discount by 30%, then 40%, then 50% until everything was gone. I must be missing something. Too simple!
- MatthewPhillips 15y agoThat's a different discussion. You're talking about how they should have dumped their inventory, the grandparent was talking about how they should have priced the product from the start. My take is that they set the price so low as to clear inventory quickly. I'm sure the deals they had with retailers made a prolonged sell-off at incrementally decreasing prices undesirable.
- lugia 15y agoactually, I think the price $99 is quite fair. Compared to having all the tablets returned and don't know what to do with them, HP now created a super hot products with 2-digit price that everyone wants to grab one, or two, or twelve. Things wouldn't happen this way if the price was $200. True that HP didn't earn that much money back but as a big corporation, HP could afford that and earned something beyond money. Let's keep an eye on this matter to see what happens in the end.