Comments on: Hi We’re Apple, Now Kindly Give Us Your Money http://hustlenomics.wordpress.com/2008/02/14/hi-were-apple-now-kindly-give-us-your-money/ Everyday is a hustle, why not enjoy a Coke with it. Wed, 05 Mar 2008 11:32:48 +0000 http://wordpress.com/ hourly 1 By: Greg http://hustlenomics.wordpress.com/2008/02/14/hi-were-apple-now-kindly-give-us-your-money/#comment-8 Greg Tue, 26 Feb 2008 22:53:35 +0000 http://hustlenomics.wordpress.com/?p=11#comment-8 I'm usually pretty good about interpreting writing, but if completely misread your post, then I apologize. I did apply a negative association to "hustling." I’m usually pretty good about interpreting writing, but if completely misread your post, then I apologize. I did apply a negative association to “hustling.”

]]> By: emshee http://hustlenomics.wordpress.com/2008/02/14/hi-were-apple-now-kindly-give-us-your-money/#comment-3 emshee Thu, 21 Feb 2008 03:27:14 +0000 http://hustlenomics.wordpress.com/?p=11#comment-3 Hey buddy. First I wanted to say thanks for the comment, you're the first one. Second is I like your point of view, but I should have cleared myself up. "Hustling" has a couple of meanings and the one I think you're thinking of when reading what I wrote was a negative connotation, but there is a second one that is positive. I don't mean that Apple's hustling is bad, I actually applaud them. They not only do it very efficiently, but they are the best at it. I was actually saying it in a positive and praising way, not negative and derogatory. Hey buddy. First I wanted to say thanks for the comment, you’re the first one. Second is I like your point of view, but I should have cleared myself up. “Hustling” has a couple of meanings and the one I think you’re thinking of when reading what I wrote was a negative connotation, but there is a second one that is positive. I don’t mean that Apple’s hustling is bad, I actually applaud them. They not only do it very efficiently, but they are the best at it. I was actually saying it in a positive and praising way, not negative and derogatory.

]]> By: Greg http://hustlenomics.wordpress.com/2008/02/14/hi-were-apple-now-kindly-give-us-your-money/#comment-2 Greg Wed, 20 Feb 2008 23:21:13 +0000 http://hustlenomics.wordpress.com/?p=11#comment-2 Get a grip. When you walk into a store, almost every single product in there is marked up as much as 50%. If you run a store, you buy product wholesale, then roughly double the price to arrive at the retail price. Your cut helps you pay for business overhead, salaries, benefits, insurance, and your family's own personal food, shelter, and clothing. So you write this blog entry and you claim that Apple is ripping people off because the components cost $90 and they sell them for $250. Yet that is how every other retailer on Earth sets the retail price. Most products you buy costs less than half the retail price to make. Are you seriously claiming that it's not fair for Apple to charge a retail markup when everybody else does it too? (And so would you if it was your business.) You ask if anyone hustles like Apple. Everyone, that's who. To hold Apple to different rules is unfair. Maybe their margins are somewhat higher than others, but not unreasonably so. If Apple did not have their margins, it would not be worth it to them to make products that have that edge people want. Without the extra dollars to subsidize their R&D, Apple could only call up China and ask them to produce the same generic player you also buy from Sandisk or Cowon or LG. Is that what you want? People pay a fair, reasonable retail price for an iPod because it brings them something they feel they are not getting from other companies who just punch out boring, cheaply made products based on achieving the lowest possible retail price. If you don't think it's worth it, don't buy it. I only have the least expensive iPod shuffle myself, because the more expensive ones are not worth it to me. But Apple sells tons of them to everyone else. That indicates that the price is fair. In this society, you charge what the market will bear. The market bears the current price of the iPod, and the evidence is that Apple sells more iPods than other companies can sell of their less expensive models! Get a grip. When you walk into a store, almost every single product in there is marked up as much as 50%. If you run a store, you buy product wholesale, then roughly double the price to arrive at the retail price. Your cut helps you pay for business overhead, salaries, benefits, insurance, and your family’s own personal food, shelter, and clothing.

So you write this blog entry and you claim that Apple is ripping people off because the components cost $90 and they sell them for $250. Yet that is how every other retailer on Earth sets the retail price. Most products you buy costs less than half the retail price to make. Are you seriously claiming that it’s not fair for Apple to charge a retail markup when everybody else does it too? (And so would you if it was your business.)

You ask if anyone hustles like Apple. Everyone, that’s who.

To hold Apple to different rules is unfair. Maybe their margins are somewhat higher than others, but not unreasonably so. If Apple did not have their margins, it would not be worth it to them to make products that have that edge people want. Without the extra dollars to subsidize their R&D, Apple could only call up China and ask them to produce the same generic player you also buy from Sandisk or Cowon or LG. Is that what you want?

People pay a fair, reasonable retail price for an iPod because it brings them something they feel they are not getting from other companies who just punch out boring, cheaply made products based on achieving the lowest possible retail price. If you don’t think it’s worth it, don’t buy it. I only have the least expensive iPod shuffle myself, because the more expensive ones are not worth it to me. But Apple sells tons of them to everyone else. That indicates that the price is fair. In this society, you charge what the market will bear. The market bears the current price of the iPod, and the evidence is that Apple sells more iPods than other companies can sell of their less expensive models!

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