The Justice Department has announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation
My mistake, then. You’re right, they are not a monopoly, again, in the strictest sense of the word.
Many people use “monopoly” to just mean “company with overwhelming market share”, and that is not correct, but it is unfortunately how it is colloquially used and likely what was meant in this context.
It’s in the title, the justice department said that. There’s no way they are a monopoly.
My mistake, then. You’re right, they are not a monopoly, again, in the strictest sense of the word.
Many people use “monopoly” to just mean “company with overwhelming market share”, and that is not correct, but it is unfortunately how it is colloquially used and likely what was meant in this context.
It is a moot point, regardless.
They don’t even have that. Android phones are really popular
Have what?
overwhelming market share
LOL of course they do.
google says 24 percent of the phone market.
Did Google say that? Or did you do a Google search and find that on some source you’re not disclosing?
From my research they comprise ~60% of the US phone market and ~13% of desktop/laptop market.
sales last quarter of American smartphones overall.