4 ms·
The real problem here is that the App Store is a monopsony. https://www.investopedia.com/terms/m/monopsony.asp https://www.investopedia.com/terms/m/monopsony.a
by quotha 6y ago
The real problem here is that the App Store is a monopsony.
https://www.investopedia.com/terms/m/monopsony.asp https://www.investopedia.com/terms/m/monopsony.asp
- chrisshroba 6y agoHow so? That link describes a Monopsony as a situation where there is only one buyer; are all iOS device users "buyers" from the App Store?
- arvinsim 6y agoDevelopers are the sellers Apps are the goods App Store/Apple is the buyer
- dnh44 6y agoYes, Apple is both a monopoly and a monopsony for Apple devices. Just like Marks & Spencer is for Marks & Spencer products. But M&S isn't the only supermarket and Apple isn't the only smartphone manufacturer. In fact both have pretty low marketshare.