You can have a lot of people buying something and still have them over priced and so far I've not seen facts
Ok, now I can see where you’ve gone wrong. People aren’t stupid; products that are overpriced sell poorly, if at all. Apple possesses no Jedi mind trick that causes customers to over-pay for an iPhone.
If iPhones were objectively, factually overpriced—instead of something you merely think must be true (because you just “feel” or “know” the iPhone is overpriced, maybe since another phone sells for $200)—then Apple wouldn’t be selling hundreds of millions per year.
You seem to be confusing high-priced (expensive) with overpriced (too expensive). Maybe an example would help.
If three-bedroom homes in my neighborhood are priced at $200,000, are they expensive? Well, they are pretty high-priced. And yes, compared to the three-bedroom homes a mile away that are priced at $50,000, $200,000 sure is expensive.
But at $200,000, are they overpriced? Well, there’s an objective, factual way to determine that: we can look at how well they sell.
Say there are 10 homes sold each month for $200,000, and the average time to sell a house is a month. My neighbor doesn’t do any market research, but thinks his house is worth 180,000 and advertises it at that price. His house sells two hours after it hits the market, to the first person who sees it. Another neighbor thinks her house is nicer than the others, and prices it at $220,000. Her house has been on the market for 16 months and it still hasn’t sold.
So what does it mean? Compared to the $50,000 neighborhood, it’s easy to say that all of the houses in the higher-priced neighborhood are expensive. But they’re up in the hills, with one acre lots, in an area with very little crime and excellent schools. So yes, the $200,000 houses are expensive, but they’re not too expensive... they’re “worth it”. People willingly pay the asking price.
You may think just because they’re expensive, they’re overpriced. But are they really overpriced, or is that just a “feeling” you have, based on the fact that you know they cost four times as much as the “reasonably priced” houses a mile away?
I’m pretty sure it’s obvious at this point that the $200,000 houses are not, in fact, overpriced. You might call them overpriced, but it’s simply not the case.
But if you call the $220,000 house overpriced, who would argue? Obviously, it
is overpriced, and as such, is unlikely to sell until the price is reduced. Similarly, the $180,000 house was underpriced.