iPhone Hype
Why does everything announced by Apple have to be surrounded with so much hype? I’m talking about the iPhone which went on sale few minutes ago. Nope, I’m not live-blogging from the line outside the store. Although the reviews have been quite flattering for the phone, the exorbitant cost and compatibility with only AT&T-Cingular plans are big disadvantages.
But strictly in a business sense, hasn’t Apple just fine tuned their strategy by reducing supply of its products and ramping up the marketing campaigns naturally leading to high prices it can demand from its consumers? The premium for the ‘cool factor’ is pretty high for any Apple product. But I am sure no one is thinking of the cost when they are lining up to buy an iPhone. I often wonder how people who can spend days lining up outside the store can afford to buy it in the first place unless they are standing in for someone else.
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