The Fine Line Between Price Gouging and Business As Usual

Our favorite product pricing company, iSuppli, just released a report stating that the iPhone is carrying a 50% margin.

My prediction: There will be some yelling and screaming about how Apple is taking advantage of consumers. Come June, the same people will gobble up every last iPhone available, thereby justifying Apple's pricing.

Remember, kids, it's a fair price for someone if they're okay with paying that much. No one needs an iPhone, so Apple can choose whatever price they want for it.

[via Engadget Mobile]

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