I get that pricing is laways set at what the market will bear but c'mon folks, have a heart! Lots of people enjoy these devices and it would be nice if the pricing structure was a tad more user friendly.
That being said, NO ONE has ever been forced to buy anything.
If the market rate for an item is X and you think it should be priced at X-C then you are advocating for Apple (or someone else) to donate precisely C to every item purchased.
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no one forced you to purchase your iPad at hand.
but somebody should force you to read between the lines

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Apple's responsibility to the shareholders is to stay a strong company with innovative and competitive products. If they do that they will make money.
Only chasing after maximum profit is incredibly shortsighted. If enough people who buy apps move to Android then developers will develop for Android at the same time, or even first. Once that happens Apple loses the competitive advantage that the best/most tablet apps are on iOS, which devalues the iPad even further. So they can't always wait until enough people buy something else before doing something.
Apple is not a low production niche car company. If anything Apple is Audi but not Lamborghini.
yeah, and when that starts to happen they will be unable to charge the premium price they charge now. that's exactly the point. It's not at all shortsighted - it's realistic. Apple is currently the trendsetter in this market, as that gap closes, prices will come down and quality will go up. We win. But early adopters pay.
Remember the people that bought the first iphone when it came out? yeah they paid $500 with a contract...AND they happily camped out to do it.
today you can walk into any number of stores and walk out 20 minutes later with a "Free" iphone that is vastly superior to the iPhone 1.
Triple Constraint and the laws of economics are universal truths.
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So its still equally overpriced.
overpriced is nonsense-talk for "i don't value that item that high"
Or more often "i want that, but don't want to pay for it"
in other words, the only overpriced item is the one that doesn't sell.
Value is subjective, worth isn't. If someone is willing to pay X for Y then by definition Y is worth precisely X.
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Considering how much the storage costs Apple, yes I consider it overpriced. Something being overpriced is a result of its cost to the user when compared to the manufacturer's cost, especially when compared against its competition. For example, upgrading to 32GB on the Nexus 7 costs around $50. I don't consider that overpriced, but $100 for 16GB storage is overpriced regardless of how long you keep it.
Now whether you find value in that overpriced upgrade is another matter.
But even more so, I find it ridiculous to speculate that a new iPad needs to be upgraded in one year.
So? I consider the Mona Lisa overpriced in that I wouldn't pay that much for a piece of paper with colouring on it. Doesn't mean it isn't worth that much. It certainly didn't cost the artist anywhere NEAR it's current value to paint it...
value is subjective.
Don't want it? don't buy it. it's that simple. if you're "right" then the market will drive the price down.