4 ms·

> why don't they do that anyway? Ever heard of a company called Apple? They raise prices all the time because they can. Same with AT&T, or banks ATM Fees, or

by sbf501 4y ago

> why don't they do that anyway? Ever heard of a company called Apple? They raise prices all the time because they can. Same with AT&T, or banks ATM Fees, or gas prices. Right now gas prices are at an all time high, and so are gas profits. > The answer is Supply & Demand, it's the Law, and is in every econ textbook. Also, that's Econ 101. Which isn't quite reality, it's idealized for simplicity because it is an introduction to macroeconomics. But I don't want to digress into Austrian vs. Modern theory because neither of us will do justice to that.

merely-unlikely 4y ago
> Right now gas prices are at an all time high, and so are gas profits Definitely not an all time high, but yes a rapid increase. According to a quick quarterly chart I pulled up, a barrel of oil was last over $100 in June 2014. It spent most of the period 2010-2014 above $80 (it's currently $86). I remember paying > $5/gallon at the pump back then. I see a peak in June 2008 at $140. Profits are also now coming down, at least according to Exxon's report today: "(Bloomberg) - Exxon Mobil Corp. gave an early snapshot of its earnings for the third quarter, during which refining margins shrank while profits from natural gas kept climbing. "The largest US energy company said in a filing Tuesday that margins within its energy-products segment, which includes oil refining, were as much as $2.9 billion lower compared with the second quarter. That segment posted $5.3 billion in net income in the three months through June."
WalterBright 4y ago
> They raise prices all the time because they can. Why don't they raise the iphone to $10,000? > Right now gas prices are at an all time high, and so are gas profits. Have you ever noticed gas pump prices going down? I'm curious as to your explanation for that? Do you notice that pump prices change on a daily basis? What's your explanation for that?
Bud 4y ago
Which prices is Apple raising? Have you gone and reviewed how much Apple's products cost in the 80s and 90s? You might want to do that, quickly, before the laughter gets so loud that you are deafened.
- nottorp 4y ago
  Interesting enough, i put the price for an iphone 3g (499 in 2009) in an inflation calculator and it said it's worth 688 today. However, the cheapest iphone 14 is 799.. You may be right about laptops/desktops though.

by sbf501 4y ago

merely-unlikely 4y ago

> Right now gas prices are at an all time high, and so are gas profits Definitely not an all time high, but yes a rapid increase. According to a quick quarterly chart I pulled up, a barrel of oil was last over $100 in June 2014. It spent most of the period 2010-2014 above $80 (it's currently $86). I remember paying > $5/gallon at the pump back then. I see a peak in June 2008 at $140. Profits are also now coming down, at least according to Exxon's report today: "(Bloomberg) - Exxon Mobil Corp. gave an early snapshot of its earnings for the third quarter, during which refining margins shrank while profits from natural gas kept climbing. "The largest US energy company said in a filing Tuesday that margins within its energy-products segment, which includes oil refining, were as much as $2.9 billion lower compared with the second quarter. That segment posted $5.3 billion in net income in the three months through June."

WalterBright 4y ago

> They raise prices all the time because they can. Why don't they raise the iphone to $10,000? > Right now gas prices are at an all time high, and so are gas profits. Have you ever noticed gas pump prices going down? I'm curious as to your explanation for that? Do you notice that pump prices change on a daily basis? What's your explanation for that?

Bud 4y ago

Which prices is Apple raising? Have you gone and reviewed how much Apple's products cost in the 80s and 90s? You might want to do that, quickly, before the laughter gets so loud that you are deafened.

nottorp 4y ago
Interesting enough, i put the price for an iphone 3g (499 in 2009) in an inflation calculator and it said it's worth 688 today. However, the cheapest iphone 14 is 799.. You may be right about laptops/desktops though.