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The first to innovate tends to make the most money off of the innovation.
by ori_b 7y ago
The first to innovate tends to make the most money off of the innovation.
- Despegar 7y agoBeing first is often not a sustainable competitive advantage and we have a good case study in looking at the recent past with 3G and 4G. Apple makes all the profit in smartphones and all the incumbents like Nokia, RIM, Ericsson are gone.
- ori_b 7y agoThat's why you need to keep innovating if you want to keep making money. Turns out that doing a thing once isn't sufficient to profit off it for eternity.
- sandworm101 7y agoTell that to disney. IP protections are designed specifically so that a day of innovation may last a lifetime.
- wpietri 7y agoBut Apple has rarely been the first to innovate. They were not first in the personal computer, the laptop, the MP3 player, the smartphone, or the smartwatch. Most of the true innovators there are dead.
- inflatableDodo 7y agoNo, the first to innovate tend to be in research roles and rarely make the most money from their work.