this post was submitted on 27 Feb 2024
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Apple Cancels Work on Electric Car, Ending Decadelong Effort (www.bloomberg.com)
submitted 11 months ago* (last edited 11 months ago) by ioslife@lemmy.ml to c/technology@lemmy.world
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[–] maynarkh@feddit.nl 5 points 11 months ago (1 children)

You do understand whole markets are hurt by big monopolies.

[–] suction@lemmy.world 1 points 11 months ago (1 children)

If Apple had a monopoly on smartphones you’d have a point

[–] maynarkh@feddit.nl 0 points 11 months ago (1 children)

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.

[–] suction@lemmy.world 0 points 11 months ago (1 children)

In what way is Apple "strangling competitors"? You have no clue what you're talking about. Just say you hate Apple and be done.

[–] maynarkh@feddit.nl 0 points 11 months ago* (last edited 11 months ago)

Just a few cases:

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.