Remember when iPhones used to start at $649 and we're considered high end? WTF did Cook and Co. expected would happen to demand as they pushed iPhone prices higher and higher, bringing them in line with high end laptop prices? Do they even model price elasticity and shit at Apple or do they just pick a number that's $100 higher every year compared to the previous year? AAPL brought the bear upon themselves.
Recently Samsung has been superior in quality.
๐คทโโ๏ธ, same sentiments when it was priced at $649. ๐ป came out. History repeats itself? ๐
Yeah especially when the economy slows down. You think people are gonna spend $1000 on a phone when they are worried about their job? Lol no
Probably all their pricing decisions are made by people living near their headquarters alone.
They're probably trying to push people toward payment plans... Everything has to be a monthly fee these days
Do they care if they make 2x profit on half as many iPhones? Same net profit at the end of the day
That works when there's no competition, like stadium seats for a big game or concert.
Ya itโs pretty bad. I have been a loyal iPhone user for years and have been upgrading once every 1-2 years but now I think I will just sit tight and keep this one until it dies, badly. I also think they are making phones for the 17-21 year old group. I am in my 40s and donโt care about the camera being better than my iPhone 7 and the phone is fast enough so I donโt care about the newest chip. I am traveling and in meetings all day. I need an iPhone with a battery that lasts 16 hours!!!!! I need better hands free functionality. I need a regular headphone jack again. I need a phone that stays on the LTE phone network and consistently has 4 bars!!!!!
The issues are saturation of penetration, and saturation of technology. First, there are fewer new markets to expand into. iPhones are readily available on all channels (carriers, retail stores, authorized sellers) in nearly every country where people want to buy one. Second, old phones are good enough - Apple has decided to make iOS 12 updates available to the iPhone 5S (from 2013!). This also has the effect that even Apple employees are using older phones (issued by the company), because corporate has decided that itโs good enough.
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Apple products are good but prices are crazy.