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> Maybe they pulled an instapot and made a great product that lasts This is a longstanding position by apple since ~ the iMac.* The long lifetime (hw quality
by gumby 3y ago
> Maybe they pulled an instapot and made a great product that lasts
This is a longstanding position by apple since ~ the iMac.* The long lifetime (hw quality + software support) means higher resale value and pays off for companies like Apple and Toyota. Why didn’t it help instapot?
Resale value means the investment for a buyer of a new device is (conceptually) lower and signals quality, so you can charge more. And the resold devices serve a customer who can’t pay full retail, keeping the, from giving their money to a competitor.
Now this works bc the new buyer values the new features (else they’d just hang on to the equipment for longer, as I do). Instapot’s problem was they lacked a “killer feature upgrade”: the 2023 model is basically the 2017 model.
* dunno before but I somehow can’t believe a company that shipped the Performa line had the same attitude.
Edit: I had a brain fart and said BMW had a high resale value, while actually they are notorious the other way (since I’ve owned one myself, I shouldn’t have made this mistake). Thanks to Our_Benefactors for pointing this out.
- Our_Benefactors 3y agoBMW have some of the worst retained value in the car industry.
- gumby 3y agoWhat a stupid brainfart — thanks for pointing it out. I’ve even owned a BMW so what a thinko! I edited my comment.
- Our_Benefactors 3y agoOne thing that BMW does do well is supporting their vehicles on the road. IIRC they keep the parts production active for a minimum of 10 years past the final model year. Compared to finding parts for domestic American vehicles less than 10 years old (looking at you, Ford), BMW support is leaps and bounds ahead of many alternatives.
- chii 3y ago> Why didn’t it help instapot? it's not expensive enough to warrant buying second hand. Also i don't want to use someone else's cooking utensils for my own food. Never know what they've done with it! A mac book, on the other hand, is fine, since the most i would touch it is with my hands. The 2nd hand condition doesn't bother me, as long as i just clean it up with nice wipes.