Ex-Apple Engineer Launches Furniture Company to Rival IKEA
nypost.com
nypost.com
"A bit more" is a drastic understatement. Somebody buying a $160 Poäng for their first apartment or to replace a chair that three kids broke is nowhere near the same demographic as these prices.
E.g. IVAR chair for 20 Euros, still working fine after 15 years: http://www.ikea.com/de/de/catalog/products/90263902/
I thought that's the whole point of Ikea - offering cheap yet reasonably durable stuff.
What I find extremely interesting, though, is the way this guy will solve one of the biggest problems of selling furniture online: shipments and returns. The smart packaging is great for shipping but is also great for making people return items easily. That's not to be underestimated. People, at least here in Europe, are skeptical about buying furniture online because even if the website offers free returns they're aware of the extreme hassle it will be to actually do that.