📰 Source: mises | Mises Wire

✍️ Original author: George Ford Smith

Apple builds and sells iPhones. I happen to own one of the older models, for the same reason I own a last-legs older model car. What if Apple could skip the build part and sell only the phone? The money saved would be an enormous boost to its bottom line. And if Apple passed the savings onto customers I could conceivably afford to upgrade. Where would the phones come from? From a bookkeeping entry, of course. Unfortunately, Apple’s customers are very demanding and want the real things, so the build operations will have to stay. Perhaps their executives looked upon another business and envied

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