Linked by Thom Holwerda on Sun 16th Dec 2012 16:25 UTC
Apple "Starting today, Walmart has dropped prices on both the iPhone 5 and iPhone 4S, with the 16 GB iPhone 5 now on sale for just $127 and the iPhone 4S coming in at $47." I'm sure a 33% price cut right ahead of the holidays is totally normal for a product of which demand outstrips supply. Right?
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RE[7]: Comment by Lorin
by puenktchen on Mon 17th Dec 2012 08:54 UTC in reply to "RE[6]: Comment by Lorin"
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The term "luxury" implies some sort of exclusivity or prestige. Something (iPhone) that is owned by millions of teenagers isn't exclusive.

I'd say it very much depends on how rich you are. At $649 an iPhone clearly won't break the bank for an average american, but for the average chinese that's as expensive as if the the american had to pay $5800 for the iPhone. Paying that much for a phone - now that is a luxury item!

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