Innovation in Technology:
Here is an article regarding Apple's acquisition of Beats:
This quote, I believe, is indicative of the advantages of having numerous competitors in the tech market, generating new innovation:
got a streaming service that we believe is the first to get it right,”
Mr Cook [Apple CEO] told the FT. “They had the insight that human curation was very
important . . . we think they’ve done an A plus job.”
Beats was superior to rival streaming services, he added. “Some of them are no more than a random set of songs put together.”
What do you think about Apple's acquisition of Beats? Do you believe that Apple's growth into becoming a veritable tech giant is detrimental to innovation within the industry much in the mold of a monopoly?