Price gouging is a wrong term to use for Apple laptops. You can call it price gouging or profiteering when someone increases the price of basic necessities afte

Price gouging is a wrong term to use for Apple laptops. You can call it price gouging or profiteering when someone increases the price of basic necessities after a natural disaster or a similar crisis. Then it's often wrong and harmful. There is no duopoly or monopoly in the laptop market. Apple computers are not "must-haves," and there are many cheaper alternatives. They are high-priced products—closer to luxury goods than essentials. Ultimately products are priced based on demand (what people are willing to pay) rather than just their production costs.