recurrence

maestro64 said:

recurrence said:

The iPhone X is not completely selling out of all production. basic economics indicates that the product would sell more if it were cheaper. People do not buy it as a status item, it's not expensive enough. Hence, there is price sensitivity in this space.

An anecdotal example is myself. I didn't buy an X while I am very much financially capable of it. I simply could not justify a thousand dollars for what the X offers. Apple lost a sale entirely due to price in this anecdotal example. I look forward to a potential price drop this fall when I may be more open to entertaining a purchase (Unless they blow the doors off with new features that justifies a thousand dollars for a product I'm going to toss out after a couple years).

Breaking my rule responding to someone who just shows up to say the opposite of reality.

People buy at all sort of price points, and you would never buy a phone at the x price point even if it was made of gold. You were not a lost sale for Apple for the X, you were never a customer of the X in the first place. You most likely bought the phone at a cost you wanted to pay nothing Apple did would convince you to spend more.

One thing Apple is really good at better than any company, they know exactly what a customer is willing to pay for something, they do not need to convince them to spend money like up selling. This is why Apple make the most profits, since they know X number of people will buy a phone that cost Y and they then figure out how to make Y cost phone at Y x 60% so they can make their healthy margins. The competitor do it the other way, the make a phone, realize the cost, then realize they can not sell it for a price which makes a profit for them.