Capitalism Fails at Efficient Distribution of Resources

[Captain ******* Kirk]

I'm sure this thought occurred to them at some point.

I'm not sure Tim Cook is capable of original thinking.

[Aeson]

Demand will eventually equal supply if you raise the price enough.

Doesn't mean profit will be maximized at that point though. There are lots of other factors to take into consideration.

Apple gets a lot out of their fanboys. Cutting almost all of them out of the loop would be a very costly mistake. You lose the excitement, the camping out, the unboxing videos, the whining about how you couldn't get it FOR ANY PRICE ... which diminishes the perceived value of the product across the entire spectrum.

You look at the story in the OP and see a problem. Apple laughs maniacally about how their marketing has worked to perfection ... they may have even hired this lady to play the role ...

They probably aren't quite perfect at it, but they've built a $650 billion company, while only occasionally actually having a superior product. (Usually rather inferior.)

[Colonâ„¢]

No, they quite clearly are brilliant at capitalism. As I read in 'The Dilbert Future' ... the key to a successful business is to market to dumb rich people.

I guess the likes of Henry Ford missed a trick somewhere.

[Aeson]

I guess the likes of Henry Ford missed a trick somewhere.

Well, sure ... if you have a great idea/product and are efficient at producing/distributing it, and have few if any competitors ... then you can get away with just about anything.

What Scott Adams was saying is you don't really need any of that great idea/product or efficient production/distribution ... all you really need to do is market it well to dumb rich people.