Man what a bunch of socialists some of you are.
Who are YOU to tell a business what prices to charge?
Who are YOU to claim they are "evil" if they charge what the market will bear?
Why don't you start protesting the price of some fancy carbon rocks, or designer shoes or something?
This product is in demand because it is a high performance item. It's in short supply and so right now you have to pay a premium if you want one. That's the way it happens in a free market.
If it's not worth it to you, then don't freaking buy one (I'm not, at that price!). But believe it or not there are people out there with more money than you, and who might very well pay that much because they want to.
And if some schmuck comes along and pays "too much" and then prices drop in the next month (which they will) and gripes about it, well tough luck. Part of being a part of a capitalistic society is making informed purchasing decisions. Don't be a dope and buy a house that is way more than you can ever afford, and don't pay nearly twice MRSP for a SSD unless you REALLY want one.
But please stop the anti capitalistic, leftist rants about business charging what the market will bear, it's pathetic.
Well...YOU...Mr. Capitalism, if you are really so into the beauty of capitalistic society, I beleive you should embrace the freedom of speech and repsect others opinions - stop calling others names - I take offense being called 'socialist' 'leftist'.
First, Business 101, you should aware there is a fine line between doing what is legal and doing the right thing. As I mentioned in previous post, Newegg's pricing strategy is perfectly legal - at most we can call it 'aggressive' under demand and supply mechanism.
However, is it the RIGHT thing to do by raising price more than two fold within 48 hours without mentioning the original MSRP? I don't think so. This pricing scheme is particularly problematic for SSD - a product long viewed as 'cutting edge' and 'expensive'. Unsuspected and uninformed customer will fall right into this hole (given they have enough money to pay that is).
I think the outrage will be lesser if they clearly marked the original MSRP on top of the price they want to charge for.
As you said it is a free market, people can charge whatever amount they want and people can pay whatever amount to get what they want - but there are consequences. Unlike Ebay, retailer generally have a consensus to charge near the MSRP - have you ever seen Best Buy and Frys charge more than two times what a prodcut's MSRP even if it is in shortage (the Wii launch is a good example). You will find a Wii asking for crazy price on Ebay the first week it release, but you always expect to buy one in store for its original price if you are lucky to score one. And as a retailer if they decided to go that route like Newegg does, they should expect to suffer the consequence like this publicity fiasco - that's another beauty of free market - you can charge whatever price you want, but I can still bad-mouthing you as I please - and in nowdays economy, 'word of mouth' is GOLDEN.
I doubt their reputation will suffer much because people usually look for the lowest price when they shop. If Newegg has the lowest price on a specific item someone will buy from them. If not, they will go elsewhere.
Its funny how people complain about a retailer, but these same people will price shop everything else they buy and generally buy from the retailer that offers the lowest price (with little to no retailer loyalty).
If the item is too expensive then dont buy it. In a month or two these SSD's will be everywhere. Just wait it out. This happens all the time on eBay as well. I wonder how many people complaining in this thread about Newegg have done the same thing buy camping out and putting a Wii or PS3 on eBay for much more than the 'retail' price.
Well...I for one will more than likely buy from Newegg even if their price is little higher because of their extremely fast shipping and excellent customer service.
Before this fiasco, Newegg and Amazon are the ONLY places I go to procure electronics. Now, through this post, I have found much more options and ultimately lead me to purchase my G2 at mwave.com - which I will NEVER bother to think buying from them in the past because I have no experience with mwave. Now, next time I need to buy something, I will shop more places and find out if I was tricked or not.
And FYI, I have NEVER 'camp out' a product and sell it on ebay with astronomical price...well...just so let you know if you are so interested.