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Profitable and generally well-regarded by consumers.

Even if it were blatantly monopolistic, that only matters if its bad for consumers. The vast majority of non-HN crowd is super, super happy being inside of Apple's walled garden.



Therein lies the rub. Consumer welfare has no definition[0].

[0]: https://deliverypdf.ssrn.com/delivery.php?ID=897001005069000...




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