Thanks for those examples. I appreciate that you limited them to freemarket businesses. I think it would easier to identify examples from non-freemarket industries.
I think the difference here from your examples is that DAC manufacture and sales is a fairly mature business now. It's been going on for 30+ years. Your examples are from nascent industry trying to launch a whole new consumer category.
I agree that the LH press release looks silly and the DAC won't be worth a fraction the asking price to anyone with the cash. I don't see the harm.
Assuming LH can be successful in actually manufacturing and delivering the Geek to it's customers, it will be really good for highend audio, IMO. I think LH is reaching out to new untapped customers and that's really smart. I just hope they deliver on it and make those new customers really happy so they stay interested.
Thank you in kind for your response.
Let me be clear, LH has every right to do what ever they like, they are a private company. They are doing
nothing illegal or unethical. Just silly to some.
I guess some of the comments here take issue with how it reflects on the industry in general. It has nothing
to do with it being a DAC..it could be an preamp, or a cable, or a speaker. Anything arbitrarily priced to grab
headlines shows a lack of substance.
I agree the Geek is a very interesting venture.