Hello! I'd like a PS3 for $199.

[Akvod]

Khuutra said:

Akvod said:

Khuutra said:

THis still means absolutely nothing when consumers determine value. If they don't care about a feature, it isn't worth the money it cost to produce.

As I said before, I understand if it's the demand that Majin's placing on the PS3. However as I said before, it's ridiculous to realisticly think that the real world value of a diamond, PS3, etc is at the rockbottom prices we both provided. People look at everyone's demand and value of a object, not only one person's. So people do believe that shiny rocks are worth a shit load of cash, and stand alone Bluray players $199, and I say that I don't think that PS3's are currently being valued at $199 by consumers (although it obviously needs to be cheaper due to its sales).

So to clear my posts up, I'm not trying to tell Majin what he should value the PS3, I'm just stating that I believe in the general consumer's eyes I don't think that it's being valued at $199. Sorry for any confusion caused by me.

But see, that's the thing. There is no "general consumer" in this situation - consumer spending is based on individual values, regardless of the factors that go into that. Sony produces them at this price because people will buy them, but no, what some consumers buy does not dictate the absolute value of a product. There is no absolute value.

I didn't mean some "absolute value" but rather equilibrium between supply and demand.