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You aren’t allowed to do that, but the iPhone is not a monopoly product. Market share is about 57%, just barely over the minimum threshold for a monopoly findin
by graeme 3y ago
You aren’t allowed to do that, but the iPhone is not a monopoly product. Market share is about 57%, just barely over the minimum threshold for a monopoly finding.
But crucially the phone market is quite competitive. People can easily switch and the iPhone does not have unrestrained pricing power. People tend to enthusiastically vs grudgingly buy an iPhone.
If someone made a better product tomorrow it is easy to switch.
“It is big and makes money and I dislike it” is not a monopoly criteria. You can read them here.
https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/single-firm-conduct/monopolization-defined https://www.ftc.gov/advice-guidance/competition-guidance/gui...
- freedomben 3y ago> If someone made a better product tomorrow it is easy to switch. That is most certainly not the case for everybody. Sure you can just buy a new phone and move over your phone number, but you'll lose all of your purchases, your cloud storage (for many people all their family photos), interoperability with other (Apple) products, conversation history (iMessage), etc. If you never buy any apps and only use third parties for communication, then sure it's "easy" but most people are not in that boat.