DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Apple spanks expectations, again. Shares up $40 in after hours trading

**esdfsdflast** · 04-27-2012, 03:21 AM

Nothing is overpriced if people are prepared to pay for it.

That logic only applies to collectables. Non-unique mass produced items have a realistic value you can assign to them. For example: If I sell a used camera for $75 when it would cost $50 brand new off of Amazon it's overpriced. If the rest of world actually followed your logic there wouldn't be laws against collusion, price fixing, and other anti-competitive behaviors because "it's worth what someone will pay". Just because the buyer doesn't realize he's being taken advantage of doesn't mean the item isn't overpriced.

04-27-2012, 03:21 AM	#13
esdfsdflast Join Date Oct 2005 Posts 466 Senior Member	Nothing is overpriced if people are prepared to pay for it. That logic only applies to collectables. Non-unique mass produced items have a realistic value you can assign to them. For example: If I sell a used camera for $75 when it would cost $50 brand new off of Amazon it's overpriced. If the rest of world actually followed your logic there wouldn't be laws against collusion, price fixing, and other anti-competitive behaviors because "it's worth what someone will pay". Just because the buyer doesn't realize he's being taken advantage of doesn't mean the item isn't overpriced.
	Quote