this post was submitted on 27 Feb 2024
552 points (96.3% liked)

Technology

66067 readers
4679 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
552
Apple Cancels Work on Electric Car, Ending Decadelong Effort (www.bloomberg.com)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
154 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 1 year ago (1 children)

You do understand whole markets are hurt by big monopolies.

[–] [email protected] 1 points 1 year ago (1 children)

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

[–] [email protected] 0 points 1 year 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.

[–] [email protected] 0 points 1 year 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.

[–] [email protected] 0 points 1 year ago* (last edited 1 year 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.