Apple's Dominance of Smartphone Market Limits Competition and Consumer Choice
-
The smartphone market is not competitive - Apple has over 60% market share in the US compared to Samsung at 17%, showing Apple's dominance.
-
Apple can raise prices profitably without concern for competition - a sign of market control rather than a competitive market.
-
Older iPhones retain their value rather than getting much cheaper over time as normally happens in a competitive market.
-
The smartphone market lacks innovation and consumer education around new technologies seen in more competitive markets like cars.
-
Apple's lock-in of iPhone users through proprietary features like Check In makes it hard to switch to Android, further evidence of lack of competition.