Like so much that emanates from the complex science, the economic idea of “competition” is something of an abstract concept. It can be difficult to envision how the desire of individual firms to outperform one another, in the market, can translate to better products and lower prices in the long-run.
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The Rotting Apple
What I am about to write will be wildly unpopular amongst Apple’s cult following, but remains relevant nonetheless. It will be controversial and, to some fan boys, unbearable. However, this is the opinion of an investor, not a consumer (although I do own two MacBooks, five iPods, two Apple TVs, two iPads, and an iPhone). Knowing this, please keep in mind that if I were to hypothetically favor a company, my bias would be in favor of Apple (AAPL).
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