3 ms·
The AT+T analogy is so different that there is a clear term for it in economics: "natural monopoly." It is quite obvious to me that natural monopolies require s
by bri3d 2y ago
The AT+T analogy is so different that there is a clear term for it in economics: "natural monopoly." It is quite obvious to me that natural monopolies require strict regulation.
I do not believe that smartphone handsets are a natural monopoly (besides carrier locking, which is orthogonal to this conversation). If a customer believes that the more "open" hardware+software ecosystem is superior, they can buy that ecosystem (as most Europeans do; I don't think Apple even have close to majority market share in Europe!)
- shuckles 2y agoPut differently: what favorable, exclusive land leases did Apple negotiate from the European Union to gain its "monopoly" in the smartphone market? What multibillion dollar private/public partnership led to iPhone?