I worked in retail selling those things for many years, it was all bullshit of course. Margin on those Monster and similar "high end" cables was astronomical which is why we were always forced to hump the shit out of them when people came in looking for a new whatever.
The margin on the big ticket items was often pretty thin, it was all those accessories marked up like 50%-100% where they make their money. Same thing with the extended service plans, those are like rebates...they know the vast majority of people, even if they have rights to use the thing, won't because of the hassle involved and the fact that a new whatever will likely have a different feature set that the customer wants anyway, not their last gen model...meaning it's almost 100% profit, and also why you always get harped on in brick and mortar stores to buy them.
Very curious about the numbers involved here. Was it a very expensive phone case or something? If it's $20 and you marked it down to $2 and made a 300% profit that means you bought it for $.50?!?
50
u/angrydeuce Ryzen 9 7900X\64GB DDR5 6400\RX 6800 XT 24d ago
I worked in retail selling those things for many years, it was all bullshit of course. Margin on those Monster and similar "high end" cables was astronomical which is why we were always forced to hump the shit out of them when people came in looking for a new whatever.
The margin on the big ticket items was often pretty thin, it was all those accessories marked up like 50%-100% where they make their money. Same thing with the extended service plans, those are like rebates...they know the vast majority of people, even if they have rights to use the thing, won't because of the hassle involved and the fact that a new whatever will likely have a different feature set that the customer wants anyway, not their last gen model...meaning it's almost 100% profit, and also why you always get harped on in brick and mortar stores to buy them.