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When you are producing a product that costs less or the same to make than other manufacturers products but you sell it for more, people are paying a premium for
by Klinky 14y ago
When you are producing a product that costs less or the same to make than other manufacturers products but you sell it for more, people are paying a premium for your product.
- jonknee 14y agoI don't agree, in my opinion you have to be priced more than similar products to count as "paying a premium". Like Monster Cable--same product but several times the price. Walk into the store and you'll see that the best phones from both Apple and Samsung cost the same amount.
- Klinky 14y agoWith phone subsidies you may be correct, though unlocked you're still paying more for the Apple product. Things like Macs and iPads do have premiums still though. Probably doesn't help my case that I highlighted the iPhone 5 which is heavily subsidized by the service provider for most people.