Apple is selling a $230 cloth "pocket" for your iPhone

By Bloomberg Television

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Key Concepts

  • iPhone Pocket
  • Apple Store Soho, New York City
  • Issey Miyake's signature pleat
  • Accessory pricing and economic context
  • Holiday shopping season

Product Launch and Availability

The video focuses on the launch of the new "iPhone Pocket" accessory, specifically highlighting its availability at the Apple Store in Soho, New York City. This location is noted as one of the few globally and the only store in America selling the product on the day of filming. The reporter's objective is to acquire a pink unit.

Product Design and Features

The "iPhone Pocket" is described as small, with a density that makes it feel substantial yet light. A key design element is the incorporation of "Miyake's signature pleat," referencing the aesthetic of designer Issey Miyake. The accessory offers multiple ways to be worn:

  • On the wrist.
  • Attached to a bag or purse.

Two specific versions are mentioned:

  • The "small" version: Described as "small" and compared in appearance to a "karate belt."
  • The "long" version: This cross-body style was a "hot commodity" and sold out the fastest. It is no longer available online or in any store.

Color Popularity

The reporter was informed that the "teal turquoise color" was the first to sell out, described as "hot" and "on brand for Apple."

Public Reception and Criticism

Despite the product's desirability and rapid sell-out, there is notable public criticism. Online discussions reveal sentiments that the accessory is:

  • "A bit out of touch" due to its "high price point" in the current economic climate.
  • Perceived as something that could be made by a "grandmother," implying a lack of perceived value for the cost.

Market Context and Strategic Implications

The accessory's launch is positioned strategically ahead of the "very important holiday shopping season." The video suggests that generating conversation around the product, regardless of the nature of the discussion, might be a deliberate marketing tactic.

Conclusion

The "iPhone Pocket" has generated significant buzz, driven by its exclusive availability and rapid sell-out of certain configurations. However, its high price point has also sparked debate regarding its value and relevance in the current economic landscape. The accessory's launch appears to be timed to capitalize on the upcoming holiday shopping period, with the ensuing discussion potentially serving as a marketing strategy.

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