It can't be a monopoly when there are countless choices but people choose iPhone anyway.Monopoly alert!
It can't be a monopoly when there are countless choices but people choose iPhone anyway.Monopoly alert!
People would probably want to buy an iPhone - they know they'll get at least four years of solid software support from hardware release. Don't get that from many Android OEMs.One word coronavirus. People were looking to spend as little as possible this year, as many lost their jobs.
It can't be a monopoly when there are countless choices but people choose iPhone anyway.
Apple sells 5 iPhones, sales are spread out among the models. Between the 11 Pro and 11 Pro Max, you’re talking about $15-20 billion in sales in just six months.It shows that iphone 11 pro is well overpriced. Why make a phone for 17% customers?🤔
Fits perfectly!
Characteristics
A monopoly has these five characteristics:
- Profit maximizer: Maximizes profits.
- Price maker: Decides the price of the good or product to be sold, but does so by determining the quantity in order to demand the price desired by the firm.
- High barriers to entry: Other sellers are unable to enter the market of the monopoly.
- Single seller: In a monopoly, there is one seller of the good, who produces all the output.[4] Therefore, the whole market is being served by a single company, and for practical purposes, the company is the same as the industry.
- Price discrimination: A monopolist can change the price or quantity of the product. They sell higher quantities at a lower price in a very elastic market, and sell lower quantities at a higher price in a less elastic market.
The 720p display on the iPhone 11 / Xr is probably the highest quality LCD panel in a smartphone. Turns out most people who buy phones probably don't care about or notice 360 fewer pixel rows.
If building a better product than your comp, then yeah it's a monopoly.Monopoly alert!
Good question. However, manufacturers (in general) do offer high-end products that appeal to a small minority of their customer base.It shows that iphone 11 pro is well overpriced. Why make a phone for 17% customers?🤔
This statistic/presentation is BS... it's just grouping by phone model name. Usually the competition fragments their phone models a lot more than Apple does. So if, for example, Samsung had a Galaxy SX and there are SX+ and SX- which are all the same exact e.g. storage and they each sold 11 units that would be compined 33.Who are Omdia, what is the source of all this data, and what does "shipped" mean? Is this hands in the devices of consumers, or devices sitting on shelves in carrier/store warehouses?
I think it's more about the numbers for Android is being spread amongst more devices. Meanwhile, Apple is the only one making phones with iOS.I’m actually curious for how this happens, didn’t realize it at first glance. The psychology behind it all and all
Could be because after a certain price range saving $100 or $200 isn’t a concern anymore? (although the folding ones and S20+ are high up in there)?
There’s the usual statement “Android gives more cores, more RAM, more megapixels, more everything for less so it’s better”, maybe at this price range, people realize that’s not quite true in real life scenarios? Games sometimes put this to shame, for example, an iPhone SE (the old one) can run some games at 60fps that a “gamer Razr” phone would at 45fps.
That would work if both high end brands wouldn’t be there. Or maybe there’s a hidden extra piece of info in it, along the lines of “iPhone users lost less jobs overall during pandemic” OR “iPhone users don’t look to spend as little as possible during pandemic compared to Android”.
Turns out most people who buy phones probably don't care about or notice 360 fewer pixel rows.
It's 1/5 of iphone 11 revenue aprox. $30BAssuming an ASP of $900, that iPhone 11 Pro alone (not even counting the max) is already $6B in revenue, in half a year. I for one would love to have that kind of business.
It's 1/5 of iphone 11 revenue aprox. $30B
Who are Omdia
Don't forget, a lot of the internals in iPhone 11 Pro and 11 are similar. It probably doesn't cost them that much more to make two versions of roughly the same hardware.Good question. However, manufacturers (in general) do offer high-end products that appeal to a small minority of their customer base.
17% higher profitsIt shows that iphone 11 pro is well overpriced. Why make a phone for 17% customers?🤔
Wow, Apple just killing it, selling 3.5 times as many units as the next best seller, even though iPhone 11 is $700+