Apple owns the future of mobile

Apple owns the future of mobile devices, not because it has erected a near monopoly market position protected by major barriers to entry like IBM in 1970s or Microsoft’s DOS and Windows in the 80s and 90s or Google’s search and Adobe’s Flash in the 2000s; Apple sells its products within a very diverse and openly competitive market and maintains minority unit market share in smartphones.

It just happens that Apple is making the vast majority of all the profits in mobile hardware, software, media and services. And the mobile segment happens to have much brighter prospects than the rest of the consumer technology market, particularly WinTel PCs.

Very well thought out and lengthy article from Daniel Eran Dilger.