quote: A situation in which a single company owns all or nearly all of the market for a given type of product or service. This would happen in the case that there is a barrier to entry into the industry that allows the single company to operate without competition (for example, vast economies of scale, barriers to entry, or governmental regulation). In such an industry structure, the producer will often produce a volume that is less than the amount which would maximize social welfare.
quote: Hey motoman, it seems that your clear logical arguments are not welcomed here on a thread about Apple not being a monopoly
quote: I guess people here think that because Apple has around 75% of the market that they like are stopping people from making their own stores or own music players like the Zune HD, which clearly is a copycat iTouch.
quote: thanks undoubtedly in part to new CEO Jon Rubinstein's intimate knowledge of the iPod hardware and software (he was a former Apple executive).
quote: Since we do CEO's of large technology corporation have intimate knowledge of any software or hardware? Obviously there are a few high-profile exceptions, but this guy is and was an executive.
quote: Apple hasn't been able to keep the unlockers out for very long, but it has been on a roll the last couple weeks. It first patched the iPhone's shipped firmware to make new iPhones incapable of current jailbreak methods . And now it has shut Palm out of its private party as well.
quote: An iTunes update temporarily killed the functionality... until about 9 days later when a Pre firmware update restored it.