this post was submitted on 21 Jun 2023
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Yep, one of the standard business strategies for introducing a new product. Begin in a low-volume and high-price market and hype up the product as much as possible, giving it an appearance of exclusivity and high class. Once you've got some of your demand established, you can start scaling up production and introduce your mid-range and lower-cost mass-produced product. Just look at the how Tesla started releasing cars to see the same tactics in action.
Thanks to you and the others for explaining! This makes sense. Hope it becomes more common soon!