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Apple make billions every quarter and at this point no one can realistically unseat them. They collect pretty much all the profit in the phone market. They do
by jonwinstanley 4y ago
Apple make billions every quarter and at this point no one can realistically unseat them.
They collect pretty much all the profit in the phone market.
They don’t technically have a monopoly, but they are in an incredibly strong position which is close to being guaranteed for the short and medium term.
- enriquec 4y ago"fine, they don't have a monopoly - which I stated as fact - but they are too successful for my liking and I get a high off of forcing compliance"
- jonwinstanley 4y agoTo be clear, I'm a massive fan of Apple. Was just trying to explain that although they don't technically have a monopoly in the phone market, they do hold a huge amount of power. In a basic sense, monopolies were outlawed to try to keep markets fair, but Apple are in such a strong position now that they have pretty much the same level of influence that a company with an actual monopoly would have.
- theshrike79 4y agoBeing highly profitable isn't illegal, monopolies are.
- jonwinstanley 4y agoSure. But what was the whole reason for making monopolies illegal?
- deleted 4y ago[deleted]
- Jtsummers 4y agohttps://en.wikipedia.org/wiki/Sherman_Antitrust_Act https://en.wikipedia.org/wiki/Sherman_Antitrust_Act - You can read about it here and branch out to other resources and articles. It's not about profit, directly at least. A company making twice the profit while selling half the product of their competitor is not in any violation of anti-monopoly/trust/whatever laws.