3 ms·
> Maybe being first to market is overrated? Sometimes being first to market yields an unshakable dominance in that market for a long time to come... Mostly not
by bonesss 9y ago
> Maybe being first to market is overrated?
Sometimes being first to market yields an unshakable dominance in that market for a long time to come... Mostly not though :)
What you're pointing out is often called 'second movers advantage'. Apples iPhone is a pretty decent example: by not being the first phone provider Apple got to enter a maturing market with a mature offering, use their own core competencies, and dominate. That's hard to do if you're bogged down with backwards compatibility and fighting to make the tech possible.