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Explained in plain English

What's 'premiumisation'?

Premiumisation is when companies focus on selling fewer, more expensive products with higher profit margins, rather than lots of cheaper ones. Apple's potential iPhone Ultra, costing more than a MacBook, is a prime example. It's about creating a perception of luxury and exclusivity, encouraging customers to pay more for perceived superior quality or features.

Stories that explain this

Apple's next iPhone may cost more than a MacBook

Questions this opens up

Why do brands do it? Does it always work? What's 'luxury branding'?

This explainer came from a news story

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