Apple Watch edition a very odd product. If it succeeds, we'll need a new economic term. I propose "Veblen-Moore good"?http://en.wikipedia.org/wiki/Veblen_good …
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Replying to @ahsanhilal
@ahsanhilal@pmarca I think Apple would count it as failure if the Edition didn't prove profitable on its own, broken out from the cheapies1 reply 0 retweets 1 like
Replying to @ahsanhilal
@ahsanhilal @pmarca that's why I made up new term Veblen-Moore with as yet-unknown market behavior.
2:46 PM - 14 Mar 2015
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