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by jdietrich 1011 days ago
Android phones are a lower-priced commodity. Apple products are luxury goods, like designer shoes or prestige cars. Apple will sell you last year's iPhone at a discount, but only on the clear understanding that it is visibly a cheap, old iPhone. If the basic form factor doesn't change between generations, you can guarantee that the color will.

Apple's profits clearly vindicate this as a business strategy.

1 comments

iPhones used to be Veblyn goods not sure if they are any more.