There are no luxury nuts and bolts. There are high quality nuts and bolts, but price reflects additional cost: better quality control, precision sizing, better materials, quicker delivery, custom sizes, etc.
Software is not just computer programs. Music, videos and ebooks are software. How do these become luxury goods? By providing some extra feature associated with the underlying software item. For example, you pay luxury price to attend a resort then get music, video, ebook, software branded for that resort experience. Similar to how you could get a t-shirt or bag branded with the experience. Obviously, branded item can be resold at the thrift shop or yard sale, but this has no negative effect. Just as homeless people dragging around a Louis Vuitton bag give free advertising without hurting the brand because everyone knows its secondhand..
There are no luxury nuts and bolts. There are high quality nuts and bolts, but price reflects additional cost: better quality control, precision sizing, better materials, quicker delivery, custom sizes, etc.
Software is not just computer programs. Music, videos and ebooks are software. How do these become luxury goods? By providing some extra feature associated with the underlying software item. For example, you pay luxury price to attend a resort then get music, video, ebook, software branded for that resort experience. Similar to how you could get a t-shirt or bag branded with the experience. Obviously, branded item can be resold at the thrift shop or yard sale, but this has no negative effect. Just as homeless people dragging around a Louis Vuitton bag give free advertising without hurting the brand because everyone knows its secondhand..