alt Hacker NewsYou don't buy Apple products because of the quality, you buy it because its more expensive than the value of it. Its a demonstration of wealth. This is called Veblen good, and a phenomena called out as early as Thomas Hobbes.
What you need to do is carry 2 phones. A phone that does the job, and a phone for style.
I didn't invent the laws of nature, I just follow them.
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I severely doubt your thesis around iPhones being Veblen goods.
You are claiming that if the price of the iPhone went down, apple would sell fewer phones?
Correspondingly, you are arguing that if they increased prices they could increase sales?
You are claiming that 100s of millions of people have all made the decision that the price of an iPhone is more than it is worth to them as a device, but is made up for by being seen with one in your hand?
Not all goods that signify status are Veblen goods.
Can you prove that is still the case with the iPhone SE by showing a comparable hardware with similar long support on software updates and lower price?
> Its a demonstration of wealth. This is called Veblen good
Just the other day I was reminded of the poor little "I am rich" iOS app (a thousand dollar ruby icon that performed diddly squat by design), which Apple deep-sixed from the app store PDQ.
If misery loves company, Veblen goods sure don't.
This is a conclusion that comes with some personal baggage you should identify and consider addressing.