[PIGMI] apple extortion.

[Chris McCormick]

On Tue, Mar 01, 2011 at 02:25:35PM +0800, Brendan Ragan wrote:
> Australian pricing on electronics is higher for three main reasons:
> 1. Size of market
> 2. GST (in the US, you can advertise WITHOUT state sales taxes, so while here RRP is higher than what you pay, in the US RRP is generally lower)
> 3. Statutory Warranty - the US doesn't have them, Australia mandates a minimum of 1 year. 

I'm not sure this tells 100% of the story. It seems like a lot of stores have
stock that they probably purchased when we were not parity with the USD and now
that the currencies have flipped they have to keep selling their stock at those
now elevated prices. Do you think this plays a factor?

<http://www.google.com//finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=0&chfdeh=0&chdet=1298961288546&chddm=817911&q=CURRENCY:AUDUSD&ntsp=0>

As you can see the delta is extremely significant across the last two years.

Chris.

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