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by snowwrestler
18 days ago
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Apple has never been a luxury brand. It’s a label lobbed at them by critics and fans of competing products. But it’s never been supported by their price points, volumes, marketing, or operations. The few times they have tried to play in the luxury market, like their gold $10k Apple Watch, it went pretty much nowhere and they quickly stopped. They make not-crappy productivity tools at not-cheap price points, and aim for top-5 market share. That’s not a luxury product strategy. They are a lot more like Honda or Volkswagon than Lamborghini. |
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>What’s great about this country is that America started the tradition where the richest consumers buy essentially the same things as the poorest. You can be watching TV and see Coca-Cola, and you know that the President drinks Coca-Cola, Liz Taylor drinks Coca-Cola, and just think, you can drink Coca-Cola, too.
Apple isn't _quite_ Coke, but they have a similar dynamic because they can deliver quality at a scale that makes them cost-competitive. They do exist in upscale market segments, but it doesn't define them as a company. They don't artificially keep the costs of Mac Studio sales low to drive demand.