Archived posting to the Leica Users Group, 1997/08/04

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Subject: Re: SHOW ME THE MONEY! aka $3,340
From: dmorton@journalist.co.uk (David Morton)
Date: Tue, 5 Aug 1997 3:50 GMT0

Chuck writes:

> Lemme see if I've got this right:
>
> Leitz's low sales volume squeezes their profit margin, compelling
them
> to
> offer inferior service and overpriced (though superb) products. The
high
> price further drives down sales volume, forces more service
cutbacks,
> resulting in either another round of price increases, or
panic-driven
> rebate programs.
>
> What's wrong with this picture?

I think you know the answer, it all collapses in tears and
recrimination :-)

But in marketing-speak Leicas are 'aspirational' products, which
follow rather different economic models: it's certainly not clear
that if the M6+50/2 price were halved, for example, the unit sales
would increase to the extent that one would expect from conventional
supply & demand curves, since the M would become less of a 'product
to aspire to', simply because it would be cheaper and more easily
attainable. (This isn't about logic, remember.)