Comment Re:Meh ... Its Apple .. you expected different? (Score 2, Informative) 327
Doesn't understand economics well? What the heck are you talking about. This doesn't require a fancy degree in economics to understand. Apple is shoving its bs down his throat and the result is that he has to increase the price across the board to maintain the same target audience. Which is assinine.
Smells like price fixing to me. "We refuse to allow you to sell your product at the price you want to sell it at" is price fixing. This is anticompetitive behavior at its finest. We won't carry your product if we can't be the ones selling it for the cheapest, and we refuse to sell it at the price you want.
It's not up to you to decide whether he can profit from selling for at cheaper prices, or more expensive prices. It's his product and he clearly has a market at that price. End of story.
Seriously though, you don't like the premise of the article? Wow, thanks for such an astute comment, if only I gave a crap whether you liked it or not. I don't think you understood the premise of the article. Amazon and Apple shouldn't be involved in driving the price anywhere, they are a market place. The people creating the products and the market dictate prices.
Clearly you don't understand economics well. Play the stock market much? I'd love to make a market against you. Next you are going to tell me that competition between NYSE and BATS is going to drive stock prices down. Competition does one and only one thing, it drives prices to their equilibrium and it tighetens the spreads. As long as Apple enforces a $1 interval (which I didn't realize they did until reading this article) you aren't going to see any movement. Go look at tick sizes for$1-$5 equities on Nasdaq or NYSE, I'll bet the farm the tick size is not a dollar.
Yet another way in which I've lost all respect for apple.