Mar 2000: Palm Pilot IPO’s at $53 billion
Sep 2006: “Everyone’s always asking me when Apple will come out with a cellphone. My answer is, ‘Probably never.’” – David Pogue (NYT)…
Jun 2007: iPhone released
Nov 2007: “Nokia: One Billion Customers—Can Anyone Catch the Cell Phone King?” (Forbes)
A brief history of impregnable tech monopolies that were pregnable after all, from personal computers to music distribution to social media, by Geoffrey Manne and Alec Stapp [Truth on the Market][adapted and condensed from Cato at Liberty]
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“A brief history of impregnable tech monopolies that were pregnable after all”
In almost every case, they weren’t actually monopolies in the first place.