3 ms·
This is phenomena is called monopsony and Apple has been doing this since forever (HDs, "retina" displays, glass, semis, etc). In Apple's case, they have essent
by dereg 4y ago
This is phenomena is called monopsony and Apple has been doing this since forever (HDs, "retina" displays, glass, semis, etc). In Apple's case, they have essentially subsidize innovation and manufacturing capacity at the expense of temporary exclusivity and I believe that it's been beneficial for the market at large. It's like how guaranteed purchase contracts were instrumental in bringing COVID vaccine development forward.