Was just trying to explain that although they don't technically have a monopoly in the phone market, they do hold a huge amount of power.
In a basic sense, monopolies were outlawed to try to keep markets fair, but Apple are in such a strong position now that they have pretty much the same level of influence that a company with an actual monopoly would have.
Was just trying to explain that although they don't technically have a monopoly in the phone market, they do hold a huge amount of power.
In a basic sense, monopolies were outlawed to try to keep markets fair, but Apple are in such a strong position now that they have pretty much the same level of influence that a company with an actual monopoly would have.