....
Oh and it will be nice living "over here" for another 12 weeks or so. Then we become a socialist country that will suck its citizens dry. sorry, did I just say that???
First of all, I say this with amusement and laughter in my voice (well in my fingers, I guess)
This comment always makes me LOL, when it comes from citizens of the USA. They really have no idea of what socialism is if they think their left leaning party is "socialist". I'm from Canada where "liberal" is not just
not the worst thing you can call your political opponents (and supporters) - its actually the name of the political party that has governed the country for most of its history. The parties that are way far to the right on the Canadian political spectrum, are still more left than anything the US has - AND - Canada is still not as "socialist" as many countries in Europe that are democratic, and economically strong.
I will also point out, that the last year or two on Wall Street have not been the best example to show the merits of capitalism.
But back to the thread.
Apple doesn't price products just by straight currency exchange, but also by cultural price points.
IIRC iTune songs (most of them) in the US are priced at $0.99. iTune songs on the Canadian iTunes store are also $0.99. The price doesn't change as the currency fluctuates. It is, in both cases, priced at the psychological barrier of a dollar. There are many products that are priced at what is considered the psychological barrier. When the dollar fluctuates, then Apple makes more or less profit - but they don't change the pricing. Its essentially priced at what they feel the market will bear, based on Canadian incomes and perceptions of value. I assume its the same in other countries.
Cheers - and long live the revolution....