4 ms·
Purchasing a device is easily done through monthly instalments so I personally don't perceive expensive smartphones as a status signifier anymore. Mostly I wond
by nehal3m 3y ago
Purchasing a device is easily done through monthly instalments so I personally don't perceive expensive smartphones as a status signifier anymore. Mostly I wonder what people are doing that they need high-end powerful hardware like that.
It's not always a positive judgement on my part. Maybe I'm too judgemental.
- Analemma_ 3y agoMost parts of smartphone hardware have stopped meaningfully improving, but the cameras are still improving pretty rapidly year-over-year. If you value taking nice pictures with your smartphone it makes sense to upgrade regularly.
- hospitalJail 3y agoJust to be clear, Veblen goods don't actually create a status signal. They make the customer feel like they increased in status. You mentioned the financing, and yes, its why every teen and low income person has an iphone. It doesnt matter who buys it to Apple, its money to them all the same. The important part is to keep the marketing consistent. "If you buy expensive products, your status will go up". Showing that it is affordable to get an iPhone is bad for business.
- deleted 3y ago[deleted]
- mcmcmc 3y agoYou seem very convinced that iPhones are Veblen goods. Do you have any evidence to support that claim?