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A comment on Apple becomes first U.S. company to reach a $2T market cap. Parent comment

Re:Apple becomes first U.S. company to reach a $2T market cap by baddox on Wednesday August 19, 2020 @02:30PM (#24214154)
I think just the difference in the "mass" part of "mass-market."
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Re:Apple becomes first U.S. company to reach a $2T market cap by coldtea on Wednesday August 19, 2020 @03:40PM (#24215247)
That was part of my question. Those fashion brands are also "mass".

I'm not talking exclusive to rich people Armani's here, I'm talking all the mass market luxury brands. Heck, even Nike's $200+ sneakers...

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Re:Apple becomes first U.S. company to reach a $2T market cap by baddox on Wednesday August 19, 2020 @04:01PM (#24215533)
Apple’s market cap is 15 times bigger than Nike’s. That’s all I meant.
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Re:Apple becomes first U.S. company to reach a $2T market cap by coldtea on Wednesday August 19, 2020 @04:44PM (#24216162)
Sure, but the quote:

"they managed to do something that was previously unimaginable in business theory - create a mass-market luxury good."

Is not about that. It is about the (perceived) impossibility of a mass-market luxury good.

But "mass-market" is a term for broad appeal/sales (dictionary: "the market for goods that are produced in large quantities"), not for over-the-top revenues.

And as for that, more people have Nike shoes than have an iPhone. But even if 1/15 as many had, it would still a mass-market good, with luxury price / appeal.

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