Disclosure: I'm a fan of most Apple products and love their privacy/virus-free based ecosystem, so I don't want to see them go away.
The news has been hot with Apple being a perceived monopoly, and it just seems dumb since they have significantly less than 50% of the market in any product category... so why is "Apple" & "monopoly" even in the same sentence? I think I have a possible answer...
Hypothetical question using an extreme to make the better point:
If a company A had %1 of the market but got 99% of the industry's profit, and company B had 99% of the market but only %1 of the industry's profit, which company would you consider a monopoly?
Anyone have a good answer?
The news has been hot with Apple being a perceived monopoly, and it just seems dumb since they have significantly less than 50% of the market in any product category... so why is "Apple" & "monopoly" even in the same sentence? I think I have a possible answer...
Hypothetical question using an extreme to make the better point:
If a company A had %1 of the market but got 99% of the industry's profit, and company B had 99% of the market but only %1 of the industry's profit, which company would you consider a monopoly?
Anyone have a good answer?