Quote:
Originally Posted by TheWatchGuy
the same can be said about any luxury item lol
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The same can be said about any high margin industry lol...
If your gross margin on anything you are selling is over 20%, you are ripping people off by default.
In some cases, i.e. high tech and where a high amount of R&D is required and the product is not easily reproducible, it makes sense. Every other situation is a blatant rip off that is sold on marketing... you either accept it or you don't. Rolex is high quality and at least there is real craftsmanship so it's ok... but canvas LV bags, gotta be kidding me.