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A comment on Apple Priced Itself Out of Shrinking Chinese Smartphone Market. Parent comment

Re:Apple Priced Itself Out of Shrinking Chinese Smartphone M... by inscionent on Thursday January 03, 2019 @06:21PM (#18820363)
Yeah NO ONE has ever made money selling luxury consumer goods, ever. /s
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Re:Apple Priced Itself Out of Shrinking Chinese Smartphone M... by threeseed on Thursday January 03, 2019 @06:35PM (#18820478)
LMVH made about $50 billion in revenue last year.

Not great. But okay for a tiny market like luxury consumer goods.

Probably should look at shutting up shop at some point.

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Re:Apple Priced Itself Out of Shrinking Chinese Smartphone M... by umeshunni on Thursday January 03, 2019 @06:27PM (#18820420)
Not enough to warrant a near-trillion dollar market cap.
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Re:Apple Priced Itself Out of Shrinking Chinese Smartphone M... by sonnyblarney on Thursday January 03, 2019 @08:52PM (#18821330)
It's a good point but most luxury goods are beyond $300 T-shirts.

And when they are, it's because of the brand and everything else going on with the brand.

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