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Wow, I think this article is taking quite a leap calling shrinking industries dying. I'm not sure anyone would argue that the typewriter industry is anything b
by runT1ME 15y ago
Wow, I think this article is taking quite a leap calling shrinking industries dying. I'm not sure anyone would argue that the typewriter industry is anything but dying, or the pager market.
However, does anyone really think that wired telephone lines are going to disappear from business anytime soon? Or that apparel companies aren't going to need manufacturers?
Shrinking industries are a great place to introduce disruption, and many times profit can be made from causing a market to shrink.
Anytime a high margin industry have an entrant willing to take lower margins, the industry is going to shrink, but it's not bad for anyone but the incumbents. Take a look at Redhat and MySQL, they were happy to take high margin, hugely profitable industries and contribute to their decline, because it allowed them to capture a bigger chunk of a smaller market.
It just so happened it was good for all the rest of us too.
- il 15y agoDo you have a landline phone? Do you know anyone under 50 who does? Is there any reason to have a landline phone nowadays when you can make VoIP calls from home for free with Google Voice? I think the writing is on the wall for that industry.
- joe_the_user 15y agoLand-line providers are now broadband providers. But that doesn't leave them small or unimportant. The value of wired-lines is still a lot. That said, wireless is inherently more efficient than wired and so it seem likely wired technology is going to go by the wayside.