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>that is, the long term ability to raise price or exclude competitors.

Apple doesn't have this power though. If they raised prices they'd lose sales. And they haven't been able to exclude competitors, there is a robust ecosytem of Android manufacturers.

There's a reason the FTC has been losing almost all of their cases recently. They internalized the idea that a large successful company is inherently bad and focus on that rather than any objective legal standard.



> Apple doesn't have this power though. If they raised prices they'd lose sales.

Yes, that's true for every company. So monopolies don't exist?


It isn’t true of monopolists. That’s the whole point of pricing power. You can raise prices higher than they’d be otherwise.

There are lots of inexpensive phones on the market


Apple does seem to have pricing power. They don't sell (new) phones under $400.


That’s a choice though. Pricing power means *no one* sells phones under $400 because the monopolist has the ability to raise overall market prices.


> Apple doesn't have this power though. And they haven't been able to exclude competitors

Where does your mind drift off to when you read the phrase "walled garden"?


Samsung has a similar ecosystem if one wants to buy it. Plenty of people have macs and android phones, or windows computers and iphones.

Certainly other companies can't be in Apple's walled garden, but in antitrust exclude means exclude from the market. Apple hasn't done that, there's a vibrant market in phones, computers, tablets, smartwatches, etc.




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