Re:Apple removes $1k featureless iPhone application (2008)
by chipotle_coyote on Sunday February 28, 2021 @11:34PM
(#26299781)
> the early adopters of that technology were probably upper class people who could survive with and deal with a financial snafu of 1000$
While there's undoubtedly an intersection between the set "tech geeks who want to be early adapters" and "people for whom losing $1K is no big deal", they're not identical. Remember that the original iPhone was $399[1]; losing 2.5x the cost of the phone to somebody's dumb software joke would not have just been an "oopsie, I guess we'll have to get a slightly cheaper jar of caviar for afternoon tea, Lovey" moment for a lot of us.
[1]: Technically, it was $599 for the 8GB model, but that initial price only lasted 3 months, and early buyers got a $100 credit in partial offset.
what really got people (and apple) worked up was the idea that someone could create a "nothing" and make a lot of money with that. now we laugh because we can all create crypto tokens and sell them to naive investors.