Originally Posted by MintMouse
There's nothing particularly wrong about it. But they have the opportunity to offer a product at a much lower price than they are - allowing people who couldn't afford it before, to consider it - and just generally putting an extra ton in peoples back pocket. I don't expect them to, they're a business - and more specifically, they're Apple.
Any company should offer their product at the price point that maximizes profit - both short-term and long-term. Obviously, for the iPhone, a starting price of $649 (or $199 under contract) is the price point that maximizes profit. To NOT price a product at that price point would mean that the company president is not following his fiduciary duty.
Also, think about what would happen if Apple DID price the iPhone lower.
More people would buy them, meaning less competitor's phones would be purchased. In turn, down the road, fewer alternatives would be present, because creating an alternative isn't deemed as profitable.
Apple would have less profits to turn into dividends for investors. And guess who investors are? Millionaire and billionaires certainly, but also mom and pops who are saving for retirement in their 401k.
Venture capitalists are discouraged from investing in startups in the hopes of finding "the next Apple", because Apple isn't something all that special anymore in terms of profitability and stock value.
My point is, it's not a bad thing if a company makes a lot of money.