Latest iPhone cost estimate comes in at $30 bucks

13. 14545 posted on 23 Feb 2012, 18:26 2 11

Actually, economically speaking, I don't think it is possible to "overcharge" for something. Speaking strictly on supply and demand, the amount of demand will change as the price rises. iDrones just don't understand the concept of money.

16. Tux4g63 posted on 23 Feb 2012, 19:07 3 0

when the human ego and hubris is involved, people will pay anything to feel like they "have it."

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18. clevername posted on 23 Feb 2012, 19:35 1 0

You know if people have the money to spend on extravegant things they want let them. Doesn't mean they have no concept of money. On the contrary if they can afford these things they probably have a great concept of money and how to make it. I paid the same for my galaxy s 2 as I did for my iPhone 4 a couple years ago. It I'm paying the same regardless of OS then it has nothing to do with the concept of money.

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20. tedkord posted on 23 Feb 2012, 19:41 1 0

Nobody is saying people shouldn't be able to spend however much they want on any item they want. I think it was just a comment on them paying for the brand name. $100 worth of product, $100 worth of R&D and $450 worth of having the Apple logo on it.

My wife is the same way - she's willing to pay $400 for a purse just because it's Coach. It drives me nuts, because it's got about $20 worth of materials and labor in it, and it doesn't do anything an actual $20 purse can't. (And, it's ugly as sin. At least the iPhone 4s is pretty)

My sister in law is even worse - she won't buy anything that isn't the most recognized brand, even if it's known inferior quality. (She has an iPhone 4 she bitches about constantly for signal loss issues, but won't consider any other phone, even though she doesn nothing on it that most feature phones won't do.)

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24. quakan posted on 23 Feb 2012, 20:11 5 0

Well we do live in a society that has a way of trying to make people feel inferior if you don't have the most cash (or more than the people around you) or best things. It's what keeps some people from being to get ahead in life because some people, in many cases, will put their wants before their needs because they need to constantly reassure themselves that they are good enough. Spending money makes people feel good. Having the best things (or what is perceived as best) makes people feel good. So while you're wife may not need that $400 purse, it makes her feel good and while you're sister in law doesn't do more with her iPhone than she would with a feature phone, it makes her feel good to say she has one.

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26. tedkord posted on 23 Feb 2012, 21:15 2 0

Got another sister in law who's like that. Didn't pay her rent one month because she bought a $600 dog. Other times skipped bills to buy other useless items just to have them.

I don't know, I'm just not like that. I bought a house that was well within my budget (not a huge house), I refuse to build up major debt - mainly because I want to not have to work until I'm 80 or drop dead, whichever comes first. I like having toys, but I won't buy something like that unless I can pay outright without shorting the mortgage, or electricity, water, gas, etc...

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31. remixfa posted on 24 Feb 2012, 01:01 1 1

lol.. ted.. my wife is the same way.. she's coach nuts.. and she buys those crazy stupid purses.. its a guy thing i think. i could get one of those $1 canvas pouches from publix and do the same thing that her $300 purse does...

ill never understand. lol

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28. cellphonator posted on 23 Feb 2012, 21:57 0 0

@ Clevername. Maybe you should write a double post just to make sure he, the "economically speaking" poster understands it completely.

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44. bayusuputra posted on 25 Feb 2012, 04:07 0 0

haha, the terms overcharging and high profit margins themselves comes from economics, how can you say that it is impossible to overcharge something economically speaking.. if you said historically or biologically speaking, then yes, it is impossible..

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