We happened to be well situated in terms of having these massive home furnishing stores. I can learn very easily how consumers react to different things there. You can’t move people by price in the smartphone market remotely like you can move them in appliances or all kinds of things. People want the product. They don’t want the cheapest product. — Warren Buffett, Berkshire Hathaway
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MacDailyNews Take: Yup.
Newsflash: Apple sells premium products at premium prices to premium customers. – SteveJack, MacDailyNews, October 23, 2012