Apple Inc. is canceling a decade-long effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company.
Monopolies are not a yes or no thing. Since Apple has a large enough market share that it is able to strangle competitors just through having that kind of market share, it is having a monopolistic effect on various markets.
For example, the smartphone market, if the smartphone market was perfectly competitive, if I didn’t like Apple’s and Google’s business, I would be able to go to a third seller and get similar products. If I didn’t like them, I could go to a fourth, and so on until it becomes meaningless. Like the market for actual apples for example.
Since that is not true, Apple is distorting the smartphone market with its large market share, making it have monopolistic tendencies.
You do understand whole markets are hurt by big monopolies.
If Apple had a monopoly on smartphones you’d have a point
Monopolies are not a yes or no thing. Since Apple has a large enough market share that it is able to strangle competitors just through having that kind of market share, it is having a monopolistic effect on various markets.
For example, the smartphone market, if the smartphone market was perfectly competitive, if I didn’t like Apple’s and Google’s business, I would be able to go to a third seller and get similar products. If I didn’t like them, I could go to a fourth, and so on until it becomes meaningless. Like the market for actual apples for example.
Since that is not true, Apple is distorting the smartphone market with its large market share, making it have monopolistic tendencies.
In what way is Apple “strangling competitors”? You have no clue what you’re talking about. Just say you hate Apple and be done.
Just a few cases:
Apple concedes on ‘anticompetitive’ restrictions in App Store
Apple Pay is anticompetitive, says EU in preliminary ruling
Apple’s App Store Draws E.U. Antitrust Charge
I don’t hate Apple, they are behaving as a corporation does. I hate the perversion of free markets that our economies are becoming due to corruption.