Apparently you’ve never used Apple Silicon. There’s no PC equivalent in terms of specs.
Also, I think you’re misunderstanding what a Veblen good is and the difference between “premium” and “luxury.” Apple does not create luxury or “Veblen” goods like for example, LVMH.
An easy way to discern the difference between premium and luxury — does the company advertise the product’s features or price?
For example, a Chanel handbag is almost entirely divorced from its utility as a handbag. Chanel doesn’t advertise features or pricing, because it’s not about the product’s value or utility, it’s what it says about your personal wealth that you bought it. That’s a Veblen good.
Apple heavily advertises features and pricing. Because they sell premium products that are not divorced from their utility or value.
Also, I think you’re misunderstanding what a Veblen good is and the difference between “premium” and “luxury.” Apple does not create luxury or “Veblen” goods like for example, LVMH.
An easy way to discern the difference between premium and luxury — does the company advertise the product’s features or price?
For example, a Chanel handbag is almost entirely divorced from its utility as a handbag. Chanel doesn’t advertise features or pricing, because it’s not about the product’s value or utility, it’s what it says about your personal wealth that you bought it. That’s a Veblen good.
Apple heavily advertises features and pricing. Because they sell premium products that are not divorced from their utility or value.