Another item on list of great consumer rip offs is the Joby Gorillapod for sale at JB Hi-Fi.
At the time of writing, the large camera tripod has a recommended retail price of:
A$128.
A 'similar' product that is available from importers in the LARGE size retails for
A$18
and A$8 for the smaller size.
Multinationals or large businesses are gouging the public for their products.
When competition sets in they 'cry' foul as they cannot make hundred's of percent markup.
The 'retail' price difference of the two pictured products is over 700% markup.
A substantial profit margin for JB Hi-Fi, given that BOTH are manufactured in China.
Their excuse is that it changes hands through various importers, BUT the reality is that the companies set up 'self' companies to DILUTE the profits.
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