45th President of the United States, Donald Trump.

45th President of the United States, Donald Trump.

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walm

10,609 posts

202 months

Wednesday 18th January 2017
quotequote all
B'stard Child said:
walm said:
Stickyfinger said:
Do not underestimate the size of the US market.
Completely irrelevant and beside the point.

Making something in the US rather than China will reduce demand, because the price will have to rise, it's that simple.
This is economics 101.

Please give me an example where a company will be able to sell more with a higher price, no matter HOW big the US market????
Apple seem to be very good at it...........
If Apple had to charge $700 rather than $600 for the latest iPhone because they couldn't use Foxconn any more, I am pretty sure they would sell fewer iPhones.

amusingduck

9,396 posts

136 months

Wednesday 18th January 2017
quotequote all
walm said:
B'stard Child said:
walm said:
Stickyfinger said:
Do not underestimate the size of the US market.
Completely irrelevant and beside the point.

Making something in the US rather than China will reduce demand, because the price will have to rise, it's that simple.
This is economics 101.

Please give me an example where a company will be able to sell more with a higher price, no matter HOW big the US market????
Apple seem to be very good at it...........
If Apple had to charge $700 rather than $600 for the latest iPhone because they couldn't use Foxconn any more, I am pretty sure they would sell fewer iPhones.
I'm not so sure. People don't purchase iPhones because they're good value for money (they're not.). If you can afford a $600 iPhone, you can probably afford a $700 iPhone.

B'stard Child

28,368 posts

246 months

Wednesday 18th January 2017
quotequote all
walm said:
B'stard Child said:
walm said:
Stickyfinger said:
Do not underestimate the size of the US market.
Completely irrelevant and beside the point.

Making something in the US rather than China will reduce demand, because the price will have to rise, it's that simple.
This is economics 101.

Please give me an example where a company will be able to sell more with a higher price, no matter HOW big the US market????
Apple seem to be very good at it...........
If Apple had to charge $700 rather than $600 for the latest iPhone because they couldn't use Foxconn any more, I am pretty sure they would sell fewer iPhones.
It seems they can charge whatever price they like and the devotees lap it up would $100 make much difference?

p1stonhead

25,524 posts

167 months

Wednesday 18th January 2017
quotequote all
B'stard Child said:
walm said:
B'stard Child said:
walm said:
Stickyfinger said:
Do not underestimate the size of the US market.
Completely irrelevant and beside the point.

Making something in the US rather than China will reduce demand, because the price will have to rise, it's that simple.
This is economics 101.

Please give me an example where a company will be able to sell more with a higher price, no matter HOW big the US market????
Apple seem to be very good at it...........
If Apple had to charge $700 rather than $600 for the latest iPhone because they couldn't use Foxconn any more, I am pretty sure they would sell fewer iPhones.
It seems they can charge whatever price they like and the devotees lap it up would $100 make much difference?
Apple may be an exception due to how some people treat their products! hehe

superkartracer

8,959 posts

222 months

Wednesday 18th January 2017
quotequote all
5ohmustang said:
Stickyfinger said:
Forgive me, do they make anything in the USA that sells ?
No, just the biggest manufacturing industry in the world, except our products don't break or corrode after 2 weeks like the Chinese.
Across the nation, thousands of individuals are hurt or killed because they’ve used defective poorly made guns and firearms in recreational and sports activities.

scherzkeks

4,460 posts

134 months

Wednesday 18th January 2017
quotequote all
walm said:
scherzkeks said:
walm said:
scherzkeks said:
Who wants a Squire or Mexican Strat? They sell entirely on price, and who wants to support that labor model?
Plenty of people.
Obviously.

It's almost as if you are so blinkered you can't understand the rampant success of WalMart or Target.

In fact, it's so ignorant, you can't possibly understand the very basic economics of price/demand.
Sorry about your Squire. hehe
It's "Squier" you muppet!
Sorry about your Squier. coffee

B'stard Child

28,368 posts

246 months

Wednesday 18th January 2017
quotequote all
p1stonhead said:
B'stard Child said:
walm said:
B'stard Child said:
walm said:
Stickyfinger said:
Do not underestimate the size of the US market.
Completely irrelevant and beside the point.

Making something in the US rather than China will reduce demand, because the price will have to rise, it's that simple.
This is economics 101.

Please give me an example where a company will be able to sell more with a higher price, no matter HOW big the US market????
Apple seem to be very good at it...........
If Apple had to charge $700 rather than $600 for the latest iPhone because they couldn't use Foxconn any more, I am pretty sure they would sell fewer iPhones.
It seems they can charge whatever price they like and the devotees lap it up would $100 make much difference?
Apple may be an exception due to how some people treat their products! hehe
But surely even an exception can be used to prove a point?

The question was "Please give me an example where a company will be able to sell more with a higher price, no matter HOW big the US market????"

My answer was Apple biggrin

p1stonhead

25,524 posts

167 months

Wednesday 18th January 2017
quotequote all
B'stard Child said:
p1stonhead said:
B'stard Child said:
walm said:
B'stard Child said:
walm said:
Stickyfinger said:
Do not underestimate the size of the US market.
Completely irrelevant and beside the point.

Making something in the US rather than China will reduce demand, because the price will have to rise, it's that simple.
This is economics 101.

Please give me an example where a company will be able to sell more with a higher price, no matter HOW big the US market????
Apple seem to be very good at it...........
If Apple had to charge $700 rather than $600 for the latest iPhone because they couldn't use Foxconn any more, I am pretty sure they would sell fewer iPhones.
It seems they can charge whatever price they like and the devotees lap it up would $100 make much difference?
Apple may be an exception due to how some people treat their products! hehe
But surely even an exception can be used to prove a point?

The question was "Please give me an example where a company will be able to sell more with a higher price, no matter HOW big the US market????"

My answer was Apple biggrin
No, we are theorising that it may be possible due to religious like nature of some of their fans. My point was tongue in cheek. I dont think the average user of their products would stomach a big rise in costs.

And basically no other company has a fan base like Apple. They would most likely be an exception (even if confirmed), that would test the rule sure, but doesnt prove anyone else would be capable of it. Its a huge gamble wouldnt you agree?

walm

10,609 posts

202 months

Wednesday 18th January 2017
quotequote all
amusingduck said:
I'm not so sure. People don't purchase iPhones because they're good value for money (they're not.). If you can afford a $600 iPhone, you can probably afford a $700 iPhone.
Trust me, if Apple could sell just as many iPhones at $700 as they do at $600 then they would be charging $700.

5ohmustang

2,755 posts

115 months

Wednesday 18th January 2017
quotequote all
superkartracer said:
Across the nation, thousands of individuals are hurt or killed because they’ve used defective poorly made guns and firearms in recreational and sports activities.
I've never seen a civilian firearm hurt or kill someone due to defective United States manufacturing. Being due to operator error is a different story and in the rare occasion it's cheaply made foreign ammunition.

Even the cheapest American made firearms like high-point are built to a high standard.

That statement is totally false.

B'stard Child

28,368 posts

246 months

Wednesday 18th January 2017
quotequote all
p1stonhead said:
No, we are theorising that it may be possible due to religious like nature of some of their fans. My point was tongue in cheek. I dont think the average user of their products would stomach a big rise in costs.

And basically no other company has a fan base like Apple. They would most likely be an exception (even if confirmed), that would test the rule sure, but doesnt prove anyone else would be capable of it. Its a huge gamble wouldnt you agree?
My point was also tongue in cheek but it was a simple question and it wasn't hard for me to find a suitable answer biggrin

Jockman

17,917 posts

160 months

Wednesday 18th January 2017
quotequote all
walm said:
amusingduck said:
I'm not so sure. People don't purchase iPhones because they're good value for money (they're not.). If you can afford a $600 iPhone, you can probably afford a $700 iPhone.
Trust me, if Apple could sell just as many iPhones at $700 as they do at $600 then they would be charging $700.
You 2 really debating price elasticity?

p1stonhead

25,524 posts

167 months

Wednesday 18th January 2017
quotequote all
B'stard Child said:
p1stonhead said:
No, we are theorising that it may be possible due to religious like nature of some of their fans. My point was tongue in cheek. I dont think the average user of their products would stomach a big rise in costs.

And basically no other company has a fan base like Apple. They would most likely be an exception (even if confirmed), that would test the rule sure, but doesnt prove anyone else would be capable of it. Its a huge gamble wouldnt you agree?
My point was also tongue in cheek but it was a simple question and it wasn't hard for me to find a suitable answer biggrin
  • possible answer. And thinking about it more and agreeing with Walm, I now disagree. Why wouldnt they be charging it already? Its not like they arent ripping the arse out of their customers already - if they could, they would go further with it.

walm

10,609 posts

202 months

Wednesday 18th January 2017
quotequote all
Jockman said:
walm said:
amusingduck said:
I'm not so sure. People don't purchase iPhones because they're good value for money (they're not.). If you can afford a $600 iPhone, you can probably afford a $700 iPhone.
Trust me, if Apple could sell just as many iPhones at $700 as they do at $600 then they would be charging $700.
You 2 really debating price elasticity?
Apparently it doesn't apply to Apple.
They're special.

walm

10,609 posts

202 months

Wednesday 18th January 2017
quotequote all
B'stard Child said:
It seems they can charge whatever price they like and the devotees lap it up would $100 make much difference?
No they can't and yes it would.

amusingduck

9,396 posts

136 months

Wednesday 18th January 2017
quotequote all
walm said:
amusingduck said:
I'm not so sure. People don't purchase iPhones because they're good value for money (they're not.). If you can afford a $600 iPhone, you can probably afford a $700 iPhone.
Trust me, if Apple could sell just as many iPhones at $700 as they do at $600 then they would be charging $700.
That is not the same situation as "If Apple had to charge $700 rather than $600 for the latest iPhone because they couldn't use Foxconn any more"

superkartracer

8,959 posts

222 months

Wednesday 18th January 2017
quotequote all
5ohmustang said:
superkartracer said:
Across the nation, thousands of individuals are hurt or killed because they’ve used defective poorly made guns and firearms in recreational and sports activities.
Stuff
Ropey Guns

walm

10,609 posts

202 months

Wednesday 18th January 2017
quotequote all
amusingduck said:
walm said:
amusingduck said:
I'm not so sure. People don't purchase iPhones because they're good value for money (they're not.). If you can afford a $600 iPhone, you can probably afford a $700 iPhone.
Trust me, if Apple could sell just as many iPhones at $700 as they do at $600 then they would be charging $700.
That is not the same situation as "If Apple had to charge $700 rather than $600 for the latest iPhone because they couldn't use Foxconn any more"
To the consumer it is exactly the same.

Seriously - what do you mean?
This isn't rocket science, it's economics 101.
You put the price up and demand goes down.

The iPhone isn't a Giffen good.

chrispmartha

15,431 posts

129 months

Wednesday 18th January 2017
quotequote all
walm said:
amusingduck said:
walm said:
amusingduck said:
I'm not so sure. People don't purchase iPhones because they're good value for money (they're not.). If you can afford a $600 iPhone, you can probably afford a $700 iPhone.
Trust me, if Apple could sell just as many iPhones at $700 as they do at $600 then they would be charging $700.
That is not the same situation as "If Apple had to charge $700 rather than $600 for the latest iPhone because they couldn't use Foxconn any more"
To the consumer it is exactly the same.

Seriously - what do you mean?
This isn't rocket science, it's economics 101.
You put the price up and demand goes down.

The iPhone isn't a Giffen good.
And if anyone thinks Apple can produce the iPhone in America and only add $100 they are naive. Also as lauded to American companies than produce things in China/Mexico etc don't just sell to Americans, they sell quite a lot of iPhones in other countries who aren't the least bit patriotic to a country they don't live in, will they accept 'yuuuge' price hikes?

p1stonhead

25,524 posts

167 months

Wednesday 18th January 2017
quotequote all
walm said:
amusingduck said:
walm said:
amusingduck said:
I'm not so sure. People don't purchase iPhones because they're good value for money (they're not.). If you can afford a $600 iPhone, you can probably afford a $700 iPhone.
Trust me, if Apple could sell just as many iPhones at $700 as they do at $600 then they would be charging $700.
That is not the same situation as "If Apple had to charge $700 rather than $600 for the latest iPhone because they couldn't use Foxconn any more"
To the consumer it is exactly the same.

Seriously - what do you mean?
This isn't rocket science, it's economics 101.
You put the price up and demand goes down.

The iPhone isn't a Giffen good.
Dont bother. You cant get through because 'MURICA!
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