This is classic microeconomics.
Exactly. It's also something more people ought to have a basic understanding of...
Those of you who don't see the price as high should welcome my way of thinking, as that kind of thinking (multiplied by millions) will put some pressure on Apple to get more inline with the market.
Why do you think they don't?
I see the price as high, but was willing to pay it due to the other "values" provided.
I also have no problem with people choosing alternate devices and putting pressure on Apple. Choose whatever works best for you, the more competition the better for everyone.
My only problem is with immature/ignorant people who can't accept that others view things differently and resort to insults/name-calling.