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I think Apple is probably the least-worst-offender amongst the FAANG group right now, but I'd definitely argue Apple is a monopoly by this definition. Nearly ev
by ocdtrekkie 6y ago
I think Apple is probably the least-worst-offender amongst the FAANG group right now, but I'd definitely argue Apple is a monopoly by this definition. Nearly every business industry has to have an app these days. Imagine a bank not having mobile banking available from iOS in the United States. They'd literally lose customers over it.
So for many industries, you must have an iOS app, and to have an iOS app, you must go through the App Store, and you must give 30% of your app revenue to Apple.
- jacquesm 6y agoSee that other thread on the homepage right now. Hes, they are the least-worst but that does not make them close to good.