SpaceAngel2001 t1_jaeyhj0 wrote on February 28, 2023 at 11:12 PM

Reply to comment by supergooduser in ELI5- Given the average cost of a cup of coffee is marked up about ~80%, why hasn’t a company come in and charge significantly less to take a greater share of the market? by Educational_Sir3783

>generally there's less money to be made in cheaper products. Compare a Dollar General to an Apple Store, it's pretty obvious which company is more successful.

Ummm...Dollar Gen will open more stores this year than Apple has in total. You used a Really bad example. See Walmart. There's lots of money to be made in high volume low markup sales.

weinerpretzel t1_jaf0uhm wrote on February 28, 2023 at 11:29 PM

Dollar General has a Market Cap of 48.36 Billion, Apple’s is 2.33 Trillion, roughly 48 times more. Safe to say Apple is a bit more successful

Mayor__Defacto t1_jaf06oe wrote on February 28, 2023 at 11:24 PM

Apple has billions and billions in net profit running a ~24% margin on their flagship products. Dollar General nets about $29k per store per year. Apple makes that selling 100 phones.

SpaceAngel2001 t1_jaf0mhq wrote on February 28, 2023 at 11:27 PM

You moved the goal posts. It was about comparing stores. DG is one of USA's most successful retailers.