5 ms·
We shall see. One thing to remember is that the price of a good is not determined by its costs or profitability, but rather by supply and demand. Apple and Goog
by Gareth321 4y ago
We shall see. One thing to remember is that the price of a good is not determined by its costs or profitability, but rather by supply and demand. Apple and Google, for example, are undoubtedly already charging as much as they can for phones in all markets. Given their respective marketing prowess, I expect those prices to be very near the optimal price point already. If they increase prices, they lose sales to a greater degree, and ultimately earn less.
Either way I'm sure they will use this legislation as a marketing tactic to justify typical annual price increases.