Middle
What is skimming pricing?
sobes.tech AI
Answer from AI
Skimming pricing — this is a pricing strategy where a company sets a high initial price for a new product or service to maximize profit from the segment of buyers willing to pay more.
Over time, the price gradually decreases to attract more price-sensitive customers and expand the market.
Example: an electronics manufacturer releases a new smartphone at a high price, targeting enthusiasts and early adopters, then lowers the price for the mass market.