It's called the "Apple" model versus the "PC" model.
Apple generally serves the higher end of the market. If you can't afford an Apple product, Apple doesn't want you. They served the very profitable "whale" market.
PC model tries to serve everyone, but started chasing the lower and lower end of the market producing stupidly cheap PCs. To the point everything was basically crap, but people were making money.
The real truth to the matter is, you need both sides of the market in order to survive. Apple alone cannot just produce premium products sold at high margins - they won't survive because you need an entrance to their products. No one's going to buy a Mac as their first computer if they've never used a computer before even if it's the only one on the market. They've gone without their whole lives.
The PC market was the onramp to Apple - you get a cheap laptop and get used to computing then you see Apple and now you might lust after their computers. And at the time, with PC laptops basically sucking, Apple was looking like the only one willing to sell a nicer machine making the premium worth it.
Vegas will soon learn the same thing - if you only cater to big gamblers, your market is going to be limited because you need to have replacement whales to take over when your current whales get too old or too poor to continue. And if no one has been allowing everyday Joe in to gamble they're not going to suddenly start gambling thousands of dollars just because they went to Vegas. If everyone only served whales, the market will die out.
And the K shaped economy right now, things are spiralling. Because the top 10% wealthiest are basically doing 50% of the consumer spending out there. The lowest 50% barely account for 10%. It's resulted in some interesting results, like broke millionaires - those who have a lot of wealth, but are constantly trying to keep up with the multi-millionaires, and the cycle repeats upwards. Meanwhile, everyone else struggles to make do