> people do not gain status (yet?) from having that "look how rich I am" app.
Actually, some time ago there was this app [1] that was basically just a background image but the price was set at the maximum allowed at the time in the Apple App Store.
Incredibly, it turns out that it actually sold several times due to people were actually "gaining status" just by having it.
In the end, it was a signal that you could spend 1K USD in a stupid background and it made no difference to you. Kind of the most abstract idea of status in a product that I can think off, i.e. I can just literally waste the money and I can prove it sort of thing
Actually, some time ago there was this app [1] that was basically just a background image but the price was set at the maximum allowed at the time in the Apple App Store.
Incredibly, it turns out that it actually sold several times due to people were actually "gaining status" just by having it.
In the end, it was a signal that you could spend 1K USD in a stupid background and it made no difference to you. Kind of the most abstract idea of status in a product that I can think off, i.e. I can just literally waste the money and I can prove it sort of thing
[1] http://gizmodo.com/5033621/99999-iphone-app-i-am-rich-probab...