Sorry, I was being unclear. I meant "people" in the aggregate, as perhaps a stand in for the demand curve. And that Apple sets their price based on the highest point on that curve which still maximizes revenue, then uses their absolutely ridiculous amount of cash-on-hand to reserve capacity and set the supply curve wherever it would intersect that point on the demand curve. (Which is part of why Apple weathered the chip shortage better than most)
i.e., at the scale they operate, they are beholden almost exclusively to demand, rather than supply, and what supply constraints they do have are mostly a matter of material costs and logistics as opposed to labor.
As the other commenter points out, my argument is that this pricing method (and the comparatively tiny input labor costs) mean that the cost of labor has an effectively negligible effect on pricing, and only would eat into profits.
