On Sun, 16 Oct 2011 12:28:23 -0400, Jack wrote:



I'm OK with the 10% Exxon-Mobil makes. I get edgy at 40% that Apple
makes, but that doesn't bother me too much because I don't think they
have a monopoly. I'm not OK with a 30% profit that a monopoly (90+% of
the DT market) makes, particularly when the product stinks.

A perfect example of why monopolies are bad business.

I don't have a problem with 40% if they can get it. We have the
option of saying "NO" and not using the product. After all, while it
is a nice product, we lived on earth for thousands of years without
any type of phone.

Most monopolies are temporary. If they are hugely profitable,
competition soon goes for a share of the market and they usually go
for it at a lower price.