The New Generation Of American Monopolies
A monopoly is either what the government says it is or what a dominant company’s competitors claim. The government’s opinion is the only one that counts, however, as Sprint will find out as it protests the new AT&T buyout of T-Mobile.1. Product: Search Engine GOOGLE
A common definition of a monopoly is when a company has such effective control of its market that it can set prices and stifle innovation by depriving competition of any chance of profit. The offending company only has to continue to do extraordinarily well in its field regardless of what antitrust regulators have to say. 24/7 Wall St. found ten instances that could be considered de facto monopolies though the government will not take action in each case.
Market Share: 90.1%
Competition: Yahoo!, Bing
2. Product: MicroSoft Windows
Market Share: 89.7%
Competition: Mac OS X, Linux
3. Product: Facebook
Market Share: 63.8%
Competition: MySpace, Linked In, Twitter
4. Product: Netflix
Market Share: 61%
Competition: Blockbuster, Hulu, Vudu
5. Product: Intel
Market Share: 80.3%
Competition: AMD
6. Product: I-PAD
Market Share: 73%
Competition: Android, Samsung
7. Product: I-Tunes Market Share: 70%
Competition: Amazon.com, Wal-Mart Music Downloads
8. Product: Kindle
Market Share: 67%
Competition: Barnes & Noble, Sony
9. Product: Sirrus Radio
Market Share: 100%
Competition: None
10. Product: PayPal
Market Share: N/A
Competition: Google Checkout, Fiserv, CashEdge
We generally think of monopolies as negative entities, but most of the companies in the list are things that most people use every day and enjoy. If they had to shut down due to an anti-trust law, then many people would be very unhappy.
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