> Apple doesn't have this power though. If they raised prices they'd lose sales.... | Hacker News

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		amadeuspagel on March 21, 2024 \| parent \| context \| favorite \| on: U.S. sues Apple, accusing it of maintaining an iPh... > Apple doesn't have this power though. If they raised prices they'd lose sales. Yes, that's true for every company. So monopolies don't exist?

graeme on March 21, 2024 [–]

It isn’t true of monopolists. That’s the whole point of pricing power. You can raise prices higher than they’d be otherwise.

There are lots of inexpensive phones on the market

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