Re:Apple Q4/2022
by asdff on Thursday October 27, 2022 @11:51PM
(#33367466)
On the other hand if you had a hunk of gold, in 20 or 200 years that's still a valuable hunk of gold. Buying an iPhone for the status symbol is like buying a hunk of gold, and every six months you chisel off a huge chunk of it and lob it into the ocean to simulate depreciation on technology.
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It's more like a potlatch thing (an America Indian status ceremony where people destroy or give away things to prove how wealthy they are) Spending money on perishable items is a power move in the status game.