5 ms·
If there are no major innovations possible for a product, it should be a lower-priced, long-lasting commodity.
by UweSchmidt 3y ago
If there are no major innovations possible for a product, it should be a lower-priced, long-lasting commodity.
- BossingAround 3y agoSays you, not Apple. The market seems to agree with Apple.
- Lio 3y agoIt would only be priced as a commodity if it can be easily replicated as a commodity by 3rd parties. Even without fresh innovations if the competition can't produce a product of equal quality it will still hold its value in the market place.
- jdietrich 3y agoAndroid phones are a lower-priced commodity. Apple products are luxury goods, like designer shoes or prestige cars. Apple will sell you last year's iPhone at a discount, but only on the clear understanding that it is visibly a cheap, old iPhone. If the basic form factor doesn't change between generations, you can guarantee that the color will. Apple's profits clearly vindicate this as a business strategy.
- boringg 3y agoiPhones used to be Veblyn goods not sure if they are any more.
- deleted 3y ago[deleted]