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> At Priceonomics, we firmly believe that resale value is the best objective indicator of product quality. Really? It might be a decent indicator of product q
by Gormo 15y ago
> At Priceonomics, we firmly believe that resale value is the best objective indicator of product quality.
Really? It might be a decent indicator of product quality relative to other products on the market, but even then, plenty of extrinsic factors - from speculative bubbles to the lack of knowledge of longer-term product quality - can influence the perceptions of relative value that drive market prices.
That aside, how indicative of the overall market for phones is the specific segment of those who buy second-hand phones? Unlike houses or cars, few people actually buy used phones, and those who buy new phones aren't usually thinking about resale price at their initial time of purchase.
Does resale price really say a lot about the underlying product quality of a mobile phone?
- thedufer 15y agoHigh resale value seems like it would correlate most strongly with high initial cost and high popularity - more people would prefer to buy a used one if the initial cost is higher since they can't afford the initial cost, so both increase the demand. Android/Blackberry popularity is spread over many more models than the iPhone, and are usually cheaper. "We firmly believe", on the other hand, is not an indicator of anything. "We've defined quality in such a way that" would be more apt - quality is a hard-to-define term, and they don't even try.