I am reminded of the time that British Leyland, the car company, brought
out the Mini. This was a well-received model, designed by the famous
Alec Issigonis. Lots of movie stars and pop stars and other famous
people liked to be seen driving one. So it sold well.
Trouble was, it was expensive to make. British Leyland made an average
of about £3 net profit on each one. It didn’t stop the company from
going bust.
tl;dr: Apple has historically not done well in a race to the bottom.
I am reminded of the time that British Leyland, the car company,
brought out the Mini. This was a well-received model, designed by the
famous Alec Issigonis. Lots of movie stars and pop stars and other
famous people liked to be seen driving one. So it sold well.
Trouble was, it was expensive to make. British Leyland made an average
of about £3 net profit on each one. It didn’t stop the company from
going bust.
tl;dr: Apple has historically not done well in a race to the bottom.
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