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Where's this trillion dollar brick & mortar store? NTDOY's market cap is two orders lower than AAPL and their impact on the worldwide software application mark

Where's this trillion dollar brick & mortar store? NTDOY's market cap is two orders lower than AAPL and their impact on the worldwide software application market is comparably quite small. TGT is also under $100B and they have essentially no impact on the software application market. What makes Apple different? Their size and market power. How much of the world economy is now dependent on their devices and services?

AlexandrB 6y ago
> Where's this trillion dollar brick & mortar store? Amazon.com Edit: Actually I wish Amazon exercised the kind of control that Apple does so I wouldn't have to guess if the phone charger I bought will set my house on fire.
- maxwell 6y ago
  "Brick & mortar" == physical stores. Amazon.com takes in hundreds of billions from online stores, tens from physical: https://www.visualcapitalist.com/amazon-revenue-model-2020 https://www.visualcapitalist.com/amazon-revenue-model-2020 https://www.amazon.com/find-your-store/b/?node=17608448011 https://www.amazon.com/find-your-store/b/?node=17608448011
Spivak 6y ago
Walmart, Target? I mean if you want your goods in Target you also have to follow their rules and use their payment system.
- echelon 6y ago
  Software is different than retail. Retail has limited space. Also, I can buy milk from dozens of different places. "Cyperbunk 2077" is being sold just about everywhere, retail and digital. Target, Walmart, Amazon, Steam, ... Where do I buy games and productivity apps for my iPhone? Software sales and the marketplace capacity are infinite. Apple is artificially limiting it and should open up. They have no argument other than platform protectionism. (They're doing it for themselves, not you. They sure as hell track you and run experiments on your usage.)
  - Spivak 6y ago
    I mean they specifically asked for brick & mortar stores as examples. You can buy software all over the place, limiting it to iOS devices doesn't make sense if your issue is competition from a consumer's perspective. Sure there are exclusives but lots of platforms have those. Where the arguments start to stand up is competition from a seller's perspective. If all your potential customers only shop at Target then you're in a bind and Target suddenly has a lot of leverage over you. These kinds of dynamics already exist in brick & mortar retail with wholesale clubs. Very few people have memberships to more than one and are usually very loyal to the one they like so if you want to reach their customers you don't have many options.
    - maxwell 6y ago
      It's not about competition and dynamics abstractly, it's about actual market power. I see no numbers here. This is only about numbers.
- maxwell 6y ago
  AAPL is 5x WMT. The issue with Walmart is the monopsony concerns: https://ageconsearch.umn.edu/record/51289 https://ageconsearch.umn.edu/record/51289

AlexandrB 6y ago

> Where's this trillion dollar brick & mortar store? Amazon.com Edit: Actually I wish Amazon exercised the kind of control that Apple does so I wouldn't have to guess if the phone charger I bought will set my house on fire.

maxwell 6y ago
"Brick & mortar" == physical stores. Amazon.com takes in hundreds of billions from online stores, tens from physical: https://www.visualcapitalist.com/amazon-revenue-model-2020 https://www.visualcapitalist.com/amazon-revenue-model-2020 https://www.amazon.com/find-your-store/b/?node=17608448011 https://www.amazon.com/find-your-store/b/?node=17608448011

Spivak 6y ago

Walmart, Target? I mean if you want your goods in Target you also have to follow their rules and use their payment system.

echelon 6y ago
Software is different than retail. Retail has limited space. Also, I can buy milk from dozens of different places. "Cyperbunk 2077" is being sold just about everywhere, retail and digital. Target, Walmart, Amazon, Steam, ... Where do I buy games and productivity apps for my iPhone? Software sales and the marketplace capacity are infinite. Apple is artificially limiting it and should open up. They have no argument other than platform protectionism. (They're doing it for themselves, not you. They sure as hell track you and run experiments on your usage.)
- Spivak 6y ago
  I mean they specifically asked for brick & mortar stores as examples. You can buy software all over the place, limiting it to iOS devices doesn't make sense if your issue is competition from a consumer's perspective. Sure there are exclusives but lots of platforms have those. Where the arguments start to stand up is competition from a seller's perspective. If all your potential customers only shop at Target then you're in a bind and Target suddenly has a lot of leverage over you. These kinds of dynamics already exist in brick & mortar retail with wholesale clubs. Very few people have memberships to more than one and are usually very loyal to the one they like so if you want to reach their customers you don't have many options.
  - maxwell 6y ago
    It's not about competition and dynamics abstractly, it's about actual market power. I see no numbers here. This is only about numbers.
maxwell 6y ago
AAPL is 5x WMT. The issue with Walmart is the monopsony concerns: https://ageconsearch.umn.edu/record/51289 https://ageconsearch.umn.edu/record/51289