Competing on price was never a good strategy. Moreover, price segmentation is still a thing. You can buy Chinese Rolex knockoffs for $7, but people still buy $10k Rolex.
It’s always been profitable (not Apple profitable), if I’m making $1M profit with 3 people team, isn’t that enough? You don’t think everyone always pay for the top products right, it’s why you have hundreds phone brands and car brands, tens or hundreds of software vendors in the same field and still make money.
If you don’t need 1M investment to start a business than tons of people will start those business around the world, and guess what some of them will be truly good, and people will use different tools, interoperability etc. will be much easier to solve with AI, so locking is not big deal, workflow integrations not big deal.
If you don’t need 1M investment to start a business than tons of people will start those business around the world, and guess what some of them will be truly good, and people will use different tools, interoperability etc. will be much easier to solve with AI, so locking is not big deal, workflow integrations not big deal.
All of it will take time but surely will happen.