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[6]: Comment by Lorin
by unclefester on Mon 17th Dec 2012 08:27 UTC in reply to "RE[5]: Comment by Lorin"
unclefester
Member since:
2007-01-13

Any device that can run Angry Birds is a luxury item.


The term "luxury" implies some sort of exclusivity or prestige. Something (iPhone) that is owned by millions of teenagers isn't exclusive. The iPhone should be considered an expensive mass produced device rather than a luxury device.

Reply Parent Score: 4

RE[7]: Comment by Lorin
by puenktchen on Mon 17th Dec 2012 08:54 in reply to "RE[6]: Comment by Lorin"
puenktchen Member since:
2007-07-27

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!

Reply Parent Score: 2

RE[8]: Comment by Lorin
by MOS6510 on Mon 17th Dec 2012 09:18 in reply to "RE[7]: Comment by Lorin"
MOS6510 Member since:
2011-05-12

I think it goes beyond just the price, there is also the need. Most people don't actually need an iPhone or any smart phone. Two toilets at home is also a form of luxury.

Luxury is also comfort. Being able to access the Internet, your email, play Angry Birds, navigation, etc... it's things that makes live more fun, easier, but it's not stuff we really need. You can Internet at home, ask for directions or use a map.

Most smart phones aren't bought to make/receive calls, they are entertainment devices. It allows us to access the Internet from the couch.

Take away all smart phones and replace them for dumb phones. The world won't end. There will be less tweeting, Facebook updates, picture taking and staring at phones in restaurants, but nobody will die.

Reply Parent Score: 2

RE[7]: Comment by Lorin
by siraf72 on Thu 20th Dec 2012 19:22 in reply to "RE[6]: Comment by Lorin"
siraf72 Member since:
2006-02-22

I thought a "luxury item" in economic terms was anything that wasn't a homogenous item and the price *isn't* set by supply and demand. Luxury items can differentiate themselves amongst other things by brand and demand a premium. By that definition, both Samsung and Apple smart phones are clearly luxury items.

</pedant>

Reply Parent Score: 2