They are thugs, using their market power to extract more than their fair share. In a competitive market, you may gain an advantage because you came up with the first fancy cafe chain, but then other coffee shops are built and keep the price of fancy coffee at cost plus some reasonable margin.
Apple and Google have raked in tens of billions from their app stores, which has long since surpassed the cost of building them. If the market had fair competition, we would have many other viable app stores, not unlike the way we have so many apps. This is why EU antitrust is starting to scrutinize Google for forcing its app store to be bundled with Android.
Apple and Google have raked in tens of billions from their app stores, which has long since surpassed the cost of building them. If the market had fair competition, we would have many other viable app stores, not unlike the way we have so many apps. This is why EU antitrust is starting to scrutinize Google for forcing its app store to be bundled with Android.