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(Gizmodo)   Gizmodo's list of the "15 Most Overpriced Gadgets of All Time" manages to only include 3 from Apple   (gizmodo.com) divider line 272
    More: Interesting, BlackBerry PlayBook, home computers, graphical user interfaces, flash memory, netbooks, Google Talk, SSD, debris disk  
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15221 clicks; posted to Geek » on 05 Dec 2012 at 12:08 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-05 03:08:12 PM  

Mad_Radhu: brigid_fitch: Where are Word Processors? They were huge in the mid- late-80s. "Hey, I know--let's make a computer than only does word processing, using proprietary computer disks & proprietary ribbon cartridges for the printer! And we'll charge only a couple hundred dollars less than an actual computer!"

/Yes, ribbon cartridges. Like a typewriter

Hey now, I had one of these from Brother that got me through high school in 1989-93:

[i.ebayimg.com image 222x300] 

I think it cost about $200-300 at the time, but for my parents it was a hell of a lot cheaper than getting me a PC to use for my papers and college applications:

[neonpulse.net image 850x1090]

Maybe it was better if you lived near a Fry's, but I don't remember seeing any PCs in my neck of the woods that were even vaguely affordable back then, especially once you added on a printer that was good enough quality to replace a typewriter.

Plus, you could always get the nylon ribbon that lasted longer than the cartridges. You couldn't do any corrections, granted, but you don't need to if you type out your whole paper in advance on the 5 line LCD display. Which was a pain in retrospect, but it sure as hell beat banging it out on a manual typewriter. Sure, they weren't prefect, but in the late 80s/early 90s, a lot of families couldn't afford to spend the cost of a decent used car for a computer that would be hopelessly outdated in three years.


So your'e the other guy that bought one of those?
I remember it only took forty forevers to print a page.
It actually was a sweet thing back then.
 
2012-12-05 03:08:44 PM  

Bullseyed: Amusing that none of the items on there mention margin at all, which is the key factor in determining if something is overpriced.


I would disagree and define overpriced as compared to competitive products in the same market. That's why I vote for the iPad Mini. An iPad4 is $499, but an iPad Mini is $329. Smaller screen, lower resolution screen, slower processor, but 65% the cost of the full size, and 1.65x the cost of the Nexus w/ Android.
 
2012-12-05 03:08:52 PM  

Rent Party: umad: Teufelaffe: According to reviews, it does have less battery life than the iPad, and a worse display, and the Windows app store is anemic compared to the competition.

So...what was incorrect?

The part where it neglected to mention that the short battery life is due to having much better (i.e. more expensive) hardware inside than the iPad. We know you guys only care about how pretty your gadgets are. The rest of us also care about their performance (which includes much more than just battery life).

He also compared Surface + keyboard to plain old iPad without keyboard.


Fair enough.
You can get a number of different keyboards for the iPad, at better quality, and much less then $119.

If you really want to take apart the comparison, the $499 iPad has 16GB, as opposed to the $499 surface having 32GB.
 
2012-12-05 03:09:55 PM  
mediaserver.pulse2.com
 
2012-12-05 03:10:36 PM  

mccallcl: Abe Vigoda's Ghost: I don't see any earth shattering specs there that would account for lower battery performance.

More pixels.


The iPad has the better display, it's the Surface with lower battery life.
 
2012-12-05 03:11:44 PM  

realmolo: Elzar: List is useless without the Neo Geo... $250 per game - oh yeah!

The Neo Geo wasn't overpriced, really. It was expensive because it was VERY advanced technology. For 1990, anyway.

And the games were $250 each because they had ENORMOUS amounts of storage. Again, for the time.

Remember, the Neo Geo gave you 100% arcade quality.

The 3DO, on the other hand....yeah. They blew it with that thing.


Came to defend the Neo Geo.

videogamecritic.net 

These were the graphics you got in your home in the early 90s. True, most of the games were beat-em-ups, and those that weren't were mainly side-scrollers. But so were arcade games of the time. And what you got were large, fully animated characters in 16-bit color.
 
2012-12-05 03:12:57 PM  

MrEricSir: Bullseyed: MrEricSir: Funny that people still think Apple's products are overpriced. Guess it's easier to use 20 year old stereotypes than to compare prices.

Cost to make an iPhone5 = $325
Selling price of iPhone5 = $700


Derp.

Oops, looks like you forgot to make a point. Derp indeed.


I guess you believe the iPhone5 is 20 years old then.
 
2012-12-05 03:13:10 PM  

Rent Party: umad: Teufelaffe: According to reviews, it does have less battery life than the iPad, and a worse display, and the Windows app store is anemic compared to the competition.

So...what was incorrect?

The part where it neglected to mention that the short battery life is due to having much better (i.e. more expensive) hardware inside than the iPad. We know you guys only care about how pretty your gadgets are. The rest of us also care about their performance (which includes much more than just battery life).

He also compared Surface + keyboard to plain old iPad without keyboard.


And that's not a factual error. The post that I initially responded to complained about "so many factual errors". Thus far, I haven't seen anyone point out any actual errors with the first item on the list in TFA.
 
2012-12-05 03:13:50 PM  
 
2012-12-05 03:14:47 PM  

Mad_Radhu: Abe Vigoda's Ghost: Honest Bender: [maxcdn.fooyoh.com image 540x271]

Apple TV is $99, and it's actually not a bad deal.
I've never rented a movie through the thing, but it's nice for streaming Netflix, plus some other free content.

It's pretty good if you are invested in the entire Mac ecosystem, and have devices where you can take advantage of Airplay and Airplay mirroring. For anyone else looking for a set top box for streaming media, you are probably better off with either a cheaper Roku or going full out and buying an Xbox 360 or PS3, which can not only handle media streaming but can also handle gaming and even Blu-Rays in the case of then PS3. For me personally, I prefer to spend a little more for something like the PS3, which can handle just about all of my media in one box with gaming as a bonus cherry on top.


Hell my like $90 blue-ray player does netflix, youtube, has a bunch of other free Sony content, sony's on demand service, and will play video's off a memory stick. Plus it will play blurays and standard DVD's. I think the current sony base model goes for around $70. and for a bit more you can have one that can wirelessly play stuff from a wifi network. In that sense I am not sure something like Apple TV seems like that good a deal.
 
2012-12-05 03:15:00 PM  

Teufelaffe: Rent Party: umad: Teufelaffe: According to reviews, it does have less battery life than the iPad, and a worse display, and the Windows app store is anemic compared to the competition.

So...what was incorrect?

The part where it neglected to mention that the short battery life is due to having much better (i.e. more expensive) hardware inside than the iPad. We know you guys only care about how pretty your gadgets are. The rest of us also care about their performance (which includes much more than just battery life).

He also compared Surface + keyboard to plain old iPad without keyboard.

And that's not a factual error.


It's just a dishonest assessment. You may devolve into pedantry now.
 
2012-12-05 03:19:14 PM  

Bullseyed: akula: AdamK: if all they did was slap a spec-sheet on an amazon product page it'd probably take a lot longer to impress people

True. Their devices do have a certain amount of user satisfaction in the way they feel and work. The spec sheets might not be that impressive (especially for the price), but people sheep don't buy spec sheets. They buy devices.

Fixed that for you.


No, I'd say you missed the point completely.

It isn't what the hardware is absolutely capable of doing, it's what you'll actually be doing with it. If device X (be that an iPad, Microsoft Surface, Android tablet, or whatever phone, or any computer, etc.) gets the job done easily and with minimum of hassle, that's really what people are after. What good is a faster processor or more open OS if it ultimately doesn't lend itself in practice to a computing experience that helps you get the job done?

Spec sheets have their value in comparing things when all other things are equal. If you're comparing Android phones, they'll be fine. The moment you start crossing platforms they lose their relevance. Look at the side by side that AVG posted- a user isn't going to say "Oh, a Tegra 3, that's so much better/worse than the A6X!" They're going to try out the devices and pick the one that seems to be more usable or worthwhile according to the user's own criteria. In that case, the spec sheet is pretty much pointless.

If you buy based on specs instead of basing your decision on what you're actually going to DO with it, then you may be happy you're not a sheep but you may well be an idiot wasting money because you can't do what you originally bought the thing expecting to do.
 
2012-12-05 03:19:31 PM  

Bullseyed: MrEricSir: Bullseyed: MrEricSir: Funny that people still think Apple's products are overpriced. Guess it's easier to use 20 year old stereotypes than to compare prices.

Cost to make an iPhone5 = $325
Selling price of iPhone5 = $700


Derp.

Oops, looks like you forgot to make a point. Derp indeed.

I guess you believe the iPhone5 is 20 years old then.


I guess you don't understand how supply and demand works, nor did you read my comment which specifically mentioned comparing prices.
 
2012-12-05 03:19:35 PM  

Bullseyed: Ok, I hear people say things like this all the time. Am I the only one who sees the requirement to pay for XBOX Live to receive the honor of using my Netflix service on my XBOX? Is there a way around that?


Yeah, that is bullshiat. Granted, most owners around going to want to get XBL for online gaming, but you can't even pop open IE to browse a web page with the Xbox, which makes the PS3 a lot better choice if you are going for a media device. Unfortunately, Xbox lined up HBO, ESPN, and the cable companies for streaming video content, so they have a big disadvantage compared to Xbox right now. Not to mention that the new console resign makes it crap for a media device because they went to top loading the discs instead of slot load, which is just bullshiat for a device designed to be a Blu-Ray player.
 
2012-12-05 03:20:18 PM  

Teufelaffe: MrEricSir: Funny that people still think Apple's products are overpriced. Guess it's easier to use 20 year old stereotypes than to compare prices.

I guess it's easier to biatch about people ragging on Apple's prices than it is to compare prices. In every market, with the singular exception of tablets, Apple products are almost always priced higher than comparable competitor's products. This is especially true in the PC market. iMacs are still $1300+ for something I can get from Dell for half that (even less if I build it myself).


You're seriously comparing a computer you built to an iMac? WTF are you smoking, exactly?
 
2012-12-05 03:22:23 PM  

mechgreg: In that sense I am not sure something like Apple TV seems like that good a deal.


The one thing an Apple TV has going for it is it will stream video off an iOS device. That can be useful, but if that isn't an overriding reason to have one, a Roku or most Blu-Ray players makes more sense. IMO (as a user of a couple iOS devices), I'd rather have a Roku or streaming capable Blu-Ray player than the Apple TV... a 30 pin (or lightning dock, depending on device) to HDMI dongle will put the iOS movies on the TV just as easily and in a more portable fashion (can even use it on hotel TVs too).
 
2012-12-05 03:24:19 PM  

MrEricSir: You're seriously comparing a computer you built to an iMac? WTF are you smoking, exactly?


Explain how something you built can't be compared to a product build by someone else.

They certainly have different target markets - the iMac is a computer for people who don't want to build their own computer, or even upgrade. But if you're comparing price they're just two pieces of electronics. It's fair to compare them.
 
2012-12-05 03:26:38 PM  

Treygreen13: MrEricSir: You're seriously comparing a computer you built to an iMac? WTF are you smoking, exactly?

Explain how something you built can't be compared to a product build by someone else.

They certainly have different target markets - the iMac is a computer for people who don't want to build their own computer, or even upgrade. But if you're comparing price they're just two pieces of electronics. It's fair to compare them.


Unless the cost of a computer you built yourself includes a built-in 27 inch display, then there's no comparison to be made. It's like comparing a Toyota Corolla to a Lexus. I mean, they're both cars, right? What's the difference?
 
2012-12-05 03:29:15 PM  

MrEricSir: Unless the cost of a computer you built yourself includes a built-in 27 inch display, then there's no comparison to be made. It's like comparing a Toyota Corolla to a Lexus. I mean, they're both cars, right? What's the difference?


So since the display is built in, you can never compare it to another computer?

Ok then.
 
2012-12-05 03:30:44 PM  

MrEricSir: Treygreen13: MrEricSir: You're seriously comparing a computer you built to an iMac? WTF are you smoking, exactly?

Explain how something you built can't be compared to a product build by someone else.

They certainly have different target markets - the iMac is a computer for people who don't want to build their own computer, or even upgrade. But if you're comparing price they're just two pieces of electronics. It's fair to compare them.

Unless the cost of a computer you built yourself includes a built-in 27 inch display, then there's no comparison to be made. It's like comparing a Toyota Corolla to a Lexus. I mean, they're both cars, right? What's the difference?


Except that a lot of home built rigs are going to run circles around that iMac.
And in 6 months, the home built is going to be capable of being upgraded if wanted. The new iMac? Nope, nada, never gonna happen.
 
2012-12-05 03:31:27 PM  

Mad_Radhu: brigid_fitch: Where are Word Processors? They were huge in the mid- late-80s. "Hey, I know--let's make a computer than only does word processing, using proprietary computer disks & proprietary ribbon cartridges for the printer! And we'll charge only a couple hundred dollars less than an actual computer!"

/Yes, ribbon cartridges. Like a typewriter

Hey now, I had one of these from Brother that got me through high school in 1989-93:

[i.ebayimg.com image 222x300] 

I think it cost about $200-300 at the time, but for my parents it was a hell of a lot cheaper than getting me a PC to use for my papers and college applications:

[neonpulse.net image 850x1090]

Maybe it was better if you lived near a Fry's, but I don't remember seeing any PCs in my neck of the woods that were even vaguely affordable back then, especially once you added on a printer that was good enough quality to replace a typewriter.

Plus, you could always get the nylon ribbon that lasted longer than the cartridges. You couldn't do any corrections, granted, but you don't need to if you type out your whole paper in advance on the 5 line LCD display. Which was a pain in retrospect, but it sure as hell beat banging it out on a manual typewriter. Sure, they weren't prefect, but in the late 80s/early 90s, a lot of families couldn't afford to spend the cost of a decent used car for a computer that would be hopelessly outdated in three years.


I had one of those (or something very similar) during college in that same time frame (1988-1992). You could type up to 80 characters, IIRC, then had to hit "return" and they typed out onto the paper. At some point, my room mate got an Apple IIe and I switched to that, but for a long time, I used the Brother.
 
2012-12-05 03:33:17 PM  

Treygreen13: MrEricSir: Unless the cost of a computer you built yourself includes a built-in 27 inch display, then there's no comparison to be made. It's like comparing a Toyota Corolla to a Lexus. I mean, they're both cars, right? What's the difference?

So since the display is built in, you can never compare it to another computer?

Ok then.


Think of it this way: the iMac is internally not much different than a giant laptop. Now, do you build laptops yourself? I mean, they're "just computers," right?
 
2012-12-05 03:36:24 PM  

MrEricSir: Treygreen13: MrEricSir: Unless the cost of a computer you built yourself includes a built-in 27 inch display, then there's no comparison to be made. It's like comparing a Toyota Corolla to a Lexus. I mean, they're both cars, right? What's the difference?

So since the display is built in, you can never compare it to another computer?

Ok then.

Think of it this way: the iMac is internally not much different than a giant laptop. Now, do you build laptops yourself? I mean, they're "just computers," right?


The more accurate comparison between the "I BUILDZ IT MAHSELFS!!!" chest thumpers is the Mac Mini. You have to provide all the extras there, too, so you can do a more accurate feature comparison and cost benefit analysis.
 
2012-12-05 03:36:58 PM  

WhippingBoy: I have two Apple TV's. I think the price was fair, and I get much enjoyment out of them.

Tell me what a loser I am.


I think the fact that you're getting all defensive about the fact that some people don't share your tastes in consumer products is the true proof of what a loser you are. That's the thin line between an Apple user and an Apple fanboy.

MrEricSir: Unless the cost of a computer you built yourself includes a built-in 27 inch display, then there's no comparison to be made. It's like comparing a Toyota Corolla to a Lexus. I mean, they're both cars, right? What's the difference?


Of course you can compare a Toyota Corolla to a Lexus. And if cost is your highest priority, the Toyota wins. What a foolish thing to say.
 
2012-12-05 03:37:33 PM  

Gig103: Bullseyed: Amusing that none of the items on there mention margin at all, which is the key factor in determining if something is overpriced.

I would disagree and define overpriced as compared to competitive products in the same market. That's why I vote for the iPad Mini. An iPad4 is $499, but an iPad Mini is $329. Smaller screen, lower resolution screen, slower processor, but 65% the cost of the full size, and 1.65x the cost of the Nexus w/ Android.


As much as I want to say that you disagreeing with the definition of the word does not change the definition of the word... value is a abstract concept. Some people value at the cost of the components, while others value at the willingness to pay. If you ascribe to the first principle, anything with high margin is overpriced. If you ascribe to the second then anything that doesn't sell well is overpriced.
 
2012-12-05 03:39:01 PM  

MrEricSir: Unless the cost of a computer you built yourself includes a built-in 27 inch display, then there's no comparison to be made. It's like comparing a Toyota Corolla to a Lexus. I mean, they're both cars, right? What's the difference?


Not just 27", but a 2560 x1440 IPS display not some off brand 1080p monitor with a TN display that color shifts as soon as your turn your head a few inches. The cheapest one Dell sells is $799, and there really aren't many cheap options unless you grab a gray market import off of eBay. Not to mention, you also have to price in Bluetooth, a dual-band 802.11 N adapter, a Thunderbolt card, HD webcam, and a wireless mouse and keyboard. It's amazing how quickly the price goes up when you add of those little things in to your PC build. I briefly considered building a PC a while back, and after pricing out all the parts I decided I was better off with a refurbed 27" iMac. Hell, since it has DisplayPort in, I can even use the Mac as a monitor for my work laptop when I need to.
 
2012-12-05 03:42:53 PM  

ReverendJasen: Overpriced Mac?

[www.248am.com image 370x277]
$7500 iMac.


That thing is absolutely hideous, uglier than the following year's 1998 iMac, if that is even possible. It reminds me of this thing that my mother used to have in the 70s that she would put her head into when she gave herself a perm, it was like a big hair dryer.
 
2012-12-05 03:43:15 PM  

MrEricSir: Think of it this way: the iMac is internally not much different than a giant laptop.


I get that you like the built in display. But for many people, a desktop computer having a combined tower/screen isn't a big selling point considering the hefty additional price.

Since you like car analogies, let's go with this.

One car is your standard 4-door sedan.
The other is a 4-door sedan that can (at the press of a button) release the aroma of bacon into your car, at twice the price.

Now, the bacon smell is nice, and people are probably impressed that you got the new Baconmobile and want to ride in it. But then every day when you're driving to work, you're still pushing the same gas pedal and powering the same engine to drive your sedan. Except you paid twice as much for the bacon smell.
 
2012-12-05 03:44:09 PM  

MrEricSir: Bullseyed: MrEricSir: Bullseyed: MrEricSir: Funny that people still think Apple's products are overpriced. Guess it's easier to use 20 year old stereotypes than to compare prices.

Cost to make an iPhone5 = $325
Selling price of iPhone5 = $700


Derp.

Oops, looks like you forgot to make a point. Derp indeed.

I guess you believe the iPhone5 is 20 years old then.

I guess you don't understand how supply and demand works, nor did you read my comment which specifically mentioned comparing prices.


Comparing prices has nothing to do with being overpriced. Overpriced is when the cost to create or value of the product is much less than the price it sells at. Anything with more than 15% margin is overpriced.
 
2012-12-05 03:45:24 PM  

Bullseyed: Anything with more than 15% margin is overpriced.


Err, no.
 
2012-12-05 03:47:03 PM  

Bullseyed: MrEricSir: Bullseyed: MrEricSir: Bullseyed: MrEricSir: Funny that people still think Apple's products are overpriced. Guess it's easier to use 20 year old stereotypes than to compare prices.

Cost to make an iPhone5 = $325
Selling price of iPhone5 = $700


Derp.

Oops, looks like you forgot to make a point. Derp indeed.

I guess you believe the iPhone5 is 20 years old then.

I guess you don't understand how supply and demand works, nor did you read my comment which specifically mentioned comparing prices.

Comparing prices has nothing to do with being overpriced. Overpriced is when the cost to create or value of the product is much less than the price it sells at. Anything with more than 15% margin is overpriced.


An object is worth what the market will bear to acquire it. You seem to think that something should be priced according to the cost to produce it, rather than the price people will pay to get it.

That is why you will always be poor.
 
2012-12-05 03:47:20 PM  

Jackpot777: realmolo: Elzar: List is useless without the Neo Geo... $250 per game - oh yeah!

The Neo Geo wasn't overpriced, really. It was expensive because it was VERY advanced technology. For 1990, anyway.

And the games were $250 each because they had ENORMOUS amounts of storage. Again, for the time.

Remember, the Neo Geo gave you 100% arcade quality.

The 3DO, on the other hand....yeah. They blew it with that thing.

Came to defend the Neo Geo.

[videogamecritic.net image 640x480] 

These were the graphics you got in your home in the early 90s. True, most of the games were beat-em-ups, and those that weren't were mainly side-scrollers. But so were arcade games of the time. And what you got were large, fully animated characters in 16-bit color.


always wanted a neo-geo console but the price was just never justified. The games weren't that great, certainly not hundreds of dollars better than SNES and Genesis games, and once PC's got powerful enough to perfectly emulate the hardware (which did not take all that long) the Neo-Geo was just a non-issue.

i do want one of the new ones tho.

Neo Geo X gold
 
2012-12-05 03:48:00 PM  

Treygreen13: Bullseyed: Anything with more than 15% margin is overpriced.

Err, no.


Err, yes.
 
2012-12-05 03:49:39 PM  

Bullseyed: MrEricSir: Bullseyed: MrEricSir: Bullseyed: MrEricSir: Funny that people still think Apple's products are overpriced. Guess it's easier to use 20 year old stereotypes than to compare prices.

Cost to make an iPhone5 = $325
Selling price of iPhone5 = $700


Derp.

Oops, looks like you forgot to make a point. Derp indeed.

I guess you believe the iPhone5 is 20 years old then.

I guess you don't understand how supply and demand works, nor did you read my comment which specifically mentioned comparing prices.

Comparing prices has nothing to do with being overpriced. Overpriced is when the cost to create or value of the product is much less than the price it sells at. Anything with more than 15% margin is overpriced.


Looks like someone got an F in econ.
 
2012-12-05 03:49:41 PM  

Bullseyed: Treygreen13: Bullseyed: Anything with more than 15% margin is overpriced.

Err, no.

Err, yes.


You're aware that, by that metric, essentially everything you could find at a store is overpriced. Right?
 
2012-12-05 03:50:31 PM  

MrEricSir: Looks like someone got an F in econ.


I don't think he ever even tried economics.

You and I may disagree on the value of an iMac but his "anything 15% over cost is overpriced" is the dumbest thing I've seen in a long time.
 
2012-12-05 03:50:41 PM  

HeartBurnKid: Of course you can compare a Toyota Corolla to a Lexus. And if cost is your highest priority, the Toyota wins. What a foolish thing to say.


If cost is your top priority, you wouldn't be looking at the Lexus in the first place.
 
2012-12-05 03:50:43 PM  
Jackpot777: These were the graphics you got in your home in the early 90s.

Allow me to post a screenshot for a far better looking neo*geo game :P

assets2.ignimgs.com 

// a sight to behold when animated
 
2012-12-05 03:50:45 PM  

Rent Party: Bullseyed: MrEricSir: Bullseyed: MrEricSir: Bullseyed: MrEricSir: Funny that people still think Apple's products are overpriced. Guess it's easier to use 20 year old stereotypes than to compare prices.

Cost to make an iPhone5 = $325
Selling price of iPhone5 = $700


Derp.

Oops, looks like you forgot to make a point. Derp indeed.

I guess you believe the iPhone5 is 20 years old then.

I guess you don't understand how supply and demand works, nor did you read my comment which specifically mentioned comparing prices.

Comparing prices has nothing to do with being overpriced. Overpriced is when the cost to create or value of the product is much less than the price it sells at. Anything with more than 15% margin is overpriced.

An object is worth what the market will bear to acquire it. You seem to think that something should be priced according to the cost to produce it, rather than the price people will pay to get it.

That is why you will always be poor.


You're confusing worth with willingness to pay.

http://en.wikipedia.org/wiki/Willingness_to_pay

"In economics, the willingness to pay (WTP) is the maximum amount a person would be willing to pay, sacrifice or exchange in order to receive a good"

That's your free MBA lesson of the day.
 
hej
2012-12-05 03:51:17 PM  

realmolo: And the games were $250 each because they had ENORMOUS amounts of storage. Again, for the time.


And it was flash memory at that.
 
2012-12-05 03:51:32 PM  

MrEricSir: Bullseyed: MrEricSir: Bullseyed: MrEricSir: Bullseyed: MrEricSir: Funny that people still think Apple's products are overpriced. Guess it's easier to use 20 year old stereotypes than to compare prices.

Cost to make an iPhone5 = $325
Selling price of iPhone5 = $700


Derp.

Oops, looks like you forgot to make a point. Derp indeed.

I guess you believe the iPhone5 is 20 years old then.

I guess you don't understand how supply and demand works, nor did you read my comment which specifically mentioned comparing prices.

Comparing prices has nothing to do with being overpriced. Overpriced is when the cost to create or value of the product is much less than the price it sells at. Anything with more than 15% margin is overpriced.

Looks like someone got an F in econ.


How's that theater degree working out for you?
 
2012-12-05 03:52:28 PM  

Treygreen13: Bullseyed: Treygreen13: Bullseyed: Anything with more than 15% margin is overpriced.

Err, no.

Err, yes.

You're aware that, by that metric, essentially everything you could find at a store is overpriced. Right?


Most businesses that are operating at a 15% margin, won't be a business for very long.
 
2012-12-05 03:54:40 PM  

Bullseyed: Rent Party: Bullseyed: MrEricSir: Bullseyed: MrEricSir: Bullseyed: MrEricSir: Funny that people still think Apple's products are overpriced. Guess it's easier to use 20 year old stereotypes than to compare prices.

Cost to make an iPhone5 = $325
Selling price of iPhone5 = $700


Derp.

Oops, looks like you forgot to make a point. Derp indeed.

I guess you believe the iPhone5 is 20 years old then.

I guess you don't understand how supply and demand works, nor did you read my comment which specifically mentioned comparing prices.

Comparing prices has nothing to do with being overpriced. Overpriced is when the cost to create or value of the product is much less than the price it sells at. Anything with more than 15% margin is overpriced.

An object is worth what the market will bear to acquire it. You seem to think that something should be priced according to the cost to produce it, rather than the price people will pay to get it.

That is why you will always be poor.

You're confusing worth with willingness to pay.

http://en.wikipedia.org/wiki/Willingness_to_pay

"In economics, the willingness to pay (WTP) is the maximum amount a person would be willing to pay, sacrifice or exchange in order to receive a good"

That's your free MBA lesson of the day.


You're an idiot. Your Wiki education just gave you "what the market will bear."

But please do keep it up, as I find it amusing. Also, go ahead and break out your 15% margin business plan and let us know how that works for you.
 
2012-12-05 03:54:44 PM  

Treygreen13: MrEricSir: Think of it this way: the iMac is internally not much different than a giant laptop.

I get that you like the built in display. But for many people, a desktop computer having a combined tower/screen isn't a big selling point considering the hefty additional price.

Since you like car analogies, let's go with this.

One car is your standard 4-door sedan.
The other is a 4-door sedan that can (at the press of a button) release the aroma of bacon into your car, at twice the price.

Now, the bacon smell is nice, and people are probably impressed that you got the new Baconmobile and want to ride in it. But then every day when you're driving to work, you're still pushing the same gas pedal and powering the same engine to drive your sedan. Except you paid twice as much for the bacon smell.


How does Windows 8 fit in car analogies?

IOS is a Ferrari and Windows 8 is a '78 Buick?
 
2012-12-05 03:55:29 PM  

Abe Vigoda's Ghost: Treygreen13: Bullseyed: Treygreen13: Bullseyed: Anything with more than 15% margin is overpriced.

Err, no.

Err, yes.

You're aware that, by that metric, essentially everything you could find at a store is overpriced. Right?

Most businesses that are operating at a 15% margin, won't be a business for very long.


I have to get special permission for any deal at less than 43%, and my boss frowns upon those.
 
2012-12-05 03:55:58 PM  

Treygreen13: Bullseyed: Treygreen13: Bullseyed: Anything with more than 15% margin is overpriced.

Err, no.

Err, yes.

You're aware that, by that metric, essentially everything you could find at a store is overpriced. Right?


http://ycharts.com/companies/BBY/profit_margin

The highest margin Best Buy has reached in the last decade is 6.2%.

http://ycharts.com/companies/AMZN/profit_margin

Amazon hit 13.67% a while back.


Good luck finding anyone besides Apple pulling in 50% margins on electronics.
 
2012-12-05 03:57:31 PM  

mcreadyblue: Treygreen13: MrEricSir: Think of it this way: the iMac is internally not much different than a giant laptop.

I get that you like the built in display. But for many people, a desktop computer having a combined tower/screen isn't a big selling point considering the hefty additional price.

Since you like car analogies, let's go with this.

One car is your standard 4-door sedan.
The other is a 4-door sedan that can (at the press of a button) release the aroma of bacon into your car, at twice the price.

Now, the bacon smell is nice, and people are probably impressed that you got the new Baconmobile and want to ride in it. But then every day when you're driving to work, you're still pushing the same gas pedal and powering the same engine to drive your sedan. Except you paid twice as much for the bacon smell.

How does Windows 8 fit in car analogies?

IOS is a Ferrari and Windows 8 is a '78 Buick?


I haven't used Windows 8 yet. It could be a fine OS, or awful. I'll wait to reserve judgement.

iOS is a love-hate thing for me. I like it aesthetically but some parts of it irritate me.
 
2012-12-05 03:57:55 PM  

Rent Party: Bullseyed: Rent Party: Bullseyed: MrEricSir: Bullseyed: MrEricSir: Bullseyed: MrEricSir: Funny that people still think Apple's products are overpriced. Guess it's easier to use 20 year old stereotypes than to compare prices.

Cost to make an iPhone5 = $325
Selling price of iPhone5 = $700


Derp.

Oops, looks like you forgot to make a point. Derp indeed.

I guess you believe the iPhone5 is 20 years old then.

I guess you don't understand how supply and demand works, nor did you read my comment which specifically mentioned comparing prices.

Comparing prices has nothing to do with being overpriced. Overpriced is when the cost to create or value of the product is much less than the price it sells at. Anything with more than 15% margin is overpriced.

An object is worth what the market will bear to acquire it. You seem to think that something should be priced according to the cost to produce it, rather than the price people will pay to get it.

That is why you will always be poor.

You're confusing worth with willingness to pay.

http://en.wikipedia.org/wiki/Willingness_to_pay

"In economics, the willingness to pay (WTP) is the maximum amount a person would be willing to pay, sacrifice or exchange in order to receive a good"

That's your free MBA lesson of the day.

You're an idiot. Your Wiki education just gave you "what the market will bear."

But please do keep it up, as I find it amusing. Also, go ahead and break out your 15% margin business plan and let us know how that works for you.


For an entirely different economic term. Nice try though. What you just said is tantamount to "the grass is green therefore the sky is not blue".
 
2012-12-05 04:02:09 PM  

Bullseyed: Good luck finding anyone besides Apple pulling in 50% margins on electronics.


Are you...
No.
You can't seriously be claiming that "profit margin" being less than 15% means that any product priced 15% over cost is "overpriced".
 
2012-12-05 04:03:16 PM  

Bullseyed:
But please do keep it up, as I find it amusing. Also, go ahead and break out your 15% margin business plan and let us know how that works for you.

For an entirely different economic term. Nice try though. What you just said is tantamount to "the grass is green therefore the sky is not blue".


What you did was describe the exact same thing, there, Mr. Wiki MBA. There is no difference. And I love how you are trying to prop up retail margins in defense of manufacturing margins, too. It is extra amusing.

Do continue!
 
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