565
Apple Cancels Work on Electric Car, Ending Decadelong Effort
(www.bloomberg.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Feb 2024
565 points (96.2% liked)
Technology
58123 readers
4322 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
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.