I am actually happy that Apple is making a lot of money with their business model. Rather than sneakily offer something for “free”, and selling your data, Apple offers you a product that you can freely buy or not buy. They do a great job in packaging awesome tech, into something the average consumer finds compelling. In addition, their CPU’s are way beyond what any other mobile platform has. In addition, they do a great job of supporting old models of the iPhone, with IOS 12 actually running faster than the previous version on the old hardware.
I hope the success of Apple inspires more companies to see how they can be “greedy” by selling me a product instead of selling me as a product.
If demand is flat, but customers are still paying more, then you're close to price equilibrium.
> If this doesn’t scream greed to you, I don’t know what would. Apple knows how tied into its ecosystem its customers are, and it’s taking advantage of that fact by hiking prices across the board. The products have some new features, but not enough to justify all of these price increases.
This is a voluntary transaction, is it not? These are electronics, not public utilities. Many fashion brands have far higher margins than Apple.
This source [1] says an iPhone 8 Plus was estimated to cost ~$288 in raw materials.
This article links to a source that says a $1250 iPhone XS Max was estimated to cost $453 in raw materials.
When you subtract the component cost from the price of the phone, 63.76% of the cost of an iPhone XS Max is profit for Apple which is basically the same as the the 64% they were making on the iPhone 8 Plus.
> These estimates also only look at raw component costs and do not take into account other iPhone manufacturing expenses like research and development, software creation, advertising, and distribution, so this information, while interesting, is not an accurate measurement of Apple's profit margin for the iPhone 8 and the iPhone 8 Plus.
It's not greed. Apple is transitioning to a luxury brand. It sucks for people like the author (or myself) that can't or don't want to pay the higher prices that come with any luxury brand.
Personally, I don't care much about iOS anymore. I moved to Android years ago, and my current Apple devices will probably be the last ones I own.
My next laptop will most likely be a Chrome OS device thanks to Linux support, and in 5 or so years when I need to upgrade my iMac I'm guessing the desktop landscape will be very different with Fuchsia coming up.
Apple is the lesser evil when you choose between privacy and modern smartphone “amenities”. Not to speak of experience (worth every penny).
When you choose google over Apple, you never even think about the ACTUAL price you are paying. Not worth it. Think about what you are getting (giving, in case with google).
But they're even nickel and diming for things now that they used to give you in the box, all while charging you more. Like the Macbook Pros used to come with the power adapter extension cable.. now they just give you the brick + USB-C cable and expect you to pay $20 extra for the extension cable.. even though the recent Macbook Pros have gotten more expensive.
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[ 3.3 ms ] story [ 49.2 ms ] threadI hope the success of Apple inspires more companies to see how they can be “greedy” by selling me a product instead of selling me as a product.
> If this doesn’t scream greed to you, I don’t know what would. Apple knows how tied into its ecosystem its customers are, and it’s taking advantage of that fact by hiking prices across the board. The products have some new features, but not enough to justify all of these price increases.
This is a voluntary transaction, is it not? These are electronics, not public utilities. Many fashion brands have far higher margins than Apple.
This article links to a source that says a $1250 iPhone XS Max was estimated to cost $453 in raw materials.
When you subtract the component cost from the price of the phone, 63.76% of the cost of an iPhone XS Max is profit for Apple which is basically the same as the the 64% they were making on the iPhone 8 Plus.
[1] https://www.macrumors.com/2017/09/25/iphone-8-component-cost...
Personally, I don't care much about iOS anymore. I moved to Android years ago, and my current Apple devices will probably be the last ones I own.
My next laptop will most likely be a Chrome OS device thanks to Linux support, and in 5 or so years when I need to upgrade my iMac I'm guessing the desktop landscape will be very different with Fuchsia coming up.
When you choose google over Apple, you never even think about the ACTUAL price you are paying. Not worth it. Think about what you are getting (giving, in case with google).