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Yet the iPhone costs more than twice that.

And the ADP1 (an unlocked G1) has relatively modest specs compared to this new phone and costs $400 from Google. I don't think that's because Google is trying to make a mint by sticking it to developers.

Virtually all new HTC smartphones retail in the $400-600 range. I don't think HTC is making a fortune off them.

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Because apple is pretty greedy, and the iPhone has a camera.

Apple is setting a price that millions of people are willing to pay. I wouldn't call that greed.

Just because they're selling at market price, it doesn't mean that they're not greedy. If they were a bit less greedy, they'd rather have more users for a lower price, which in the long run can actually result in the same revenue. But then I'd get into the luxury brands theory/subject, but meh.

What would you call greed, then?

Setting a price that's more than what your product is worth in the marketplace.

You can always spot real 'greed' because it's always self-defeating in the end.

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