4 ms·

Wouldn't put it so angrily, but yeah, there isn't really such thing as price gouging on such a nonessential product.

Gigachad 4y ago
Yeah the definition of price gouging is sharply increasing the price of a essential product in times of disaster. Say supermarkets sharply increasing the price of water or food despite their supply being more than capable of handling the demand since they know people don't have time or ability to shop around. The term gets used a buzzword now for anything people want that costs lots.
- Dylan16807 4y ago
  "Price gouging is a pejorative term used to describe the situation when a seller increases the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair. Usually, this event occurs after a demand or supply shock. This term is commonly used to describe price increases of basic necessities after natural disasters." Plenty of people use the term to talk about non-essential products. A demand shock is exactly what increased prices here, and now a failure of competition is letting the duopoly keep profit margins extra high.
  - Gigachad 4y ago
    This isn't a problem for non essentials. No one needs to buy a 7900 XTX. It's really just a consumerist impulse for the majority. The last 4 years of cards still work perfectly fine. While consumers still demand the latest cards at these prices, they will stay at those prices.
    - hot_gril 4y ago
      The Nvidia/AMD duopoly is also nothing new, and if anything it's easing now that Intel has a dGPU offering and Apple does their own thing.
      - Dylan16807 4y ago
        Intel has not yet released a competitive product, and Apple isn't big enough to tip things at this point. The duopoly isn't new, but they got a much better opportunity than usual to spike prices.
    - Dylan16807 4y ago
      It doesn't have to be a "real" problem for people to complain about profit margins skyrocketing.

Yeah the definition of price gouging is sharply increasing the price of a essential product in times of disaster. Say supermarkets sharply increasing the price of water or food despite their supply being more than capable of handling the demand since they know people don't have time or ability to shop around. The term gets used a buzzword now for anything people want that costs lots.

Dylan16807 4y ago
"Price gouging is a pejorative term used to describe the situation when a seller increases the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair. Usually, this event occurs after a demand or supply shock. This term is commonly used to describe price increases of basic necessities after natural disasters." Plenty of people use the term to talk about non-essential products. A demand shock is exactly what increased prices here, and now a failure of competition is letting the duopoly keep profit margins extra high.
- Gigachad 4y ago
  This isn't a problem for non essentials. No one needs to buy a 7900 XTX. It's really just a consumerist impulse for the majority. The last 4 years of cards still work perfectly fine. While consumers still demand the latest cards at these prices, they will stay at those prices.
  - hot_gril 4y ago
    The Nvidia/AMD duopoly is also nothing new, and if anything it's easing now that Intel has a dGPU offering and Apple does their own thing.
    - Dylan16807 4y ago
      Intel has not yet released a competitive product, and Apple isn't big enough to tip things at this point. The duopoly isn't new, but they got a much better opportunity than usual to spike prices.
  - Dylan16807 4y ago
    It doesn't have to be a "real" problem for people to complain about profit margins skyrocketing.