Microsoft does not meaningfully compete, Google doesn’t seem to be taking excess profits, and Apple’s mostly based on ripping off people who have too much money anyways. But look at the giants of a few decades ago—are GM and American Airlines known for excess profits today? Competing margins down takes time, but it does happen.
Microsoft does not meaningfully compete, Google doesn’t seem to be taking excess profits, and Apple’s mostly based on ripping off people who have too much money anyways. But look at the giants of a few decades ago—are GM and American Airlines known for excess profits today? Competing margins down takes time, but it does happen.