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In Reply to: You are correct when CD came out Cassettes had overtaken LPs outselling them 1.5 to 1. However posted by Teresa on September 15, 2006 at 21:50:37:
Well put.The imperitive was always to overcharge for CD, which within a few years of it's introduction was cheaper to manufacture (and was always cheaper to distribute) than LP.
The pricing of CD's is one of the most singular examples of the defiance of basic economic 'laws' ever seen, particularly in the context of 'ecomomies of scale'. Prices should have fallen steadily throughout the late 80's and early 90's as volume went up and costs fell, but they never did. The amount of money that must have been made is mind-boggling.
It should be obvious that from the get-go the intention was to remove LP from the equation, as the conspicuous difference in price (and perceived 'value') would eventually have given even the most bamboozled pause for thought.
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Follow Ups
- Re: You are correct when CD came out Cassettes had overtaken LPs outselling them 1.5 to 1. However - Aleksunder 05:03:23 09/16/06 (0)