In Spite of 2nd Place in Market Share, Apple Has Built A Monopoly in Value Creation

 Horace Dedui:

To earn profit is hard, to do so in an outsized way is very hard and to do so with consistency shows a defensibility of market access that is rarest of all. The only cases where this typical is in a monopoly or protected market situation (aka cronyism.) Apple’s lack of market monopoly coupled with a (near-) monopoly in profits can only be explained by disproportionate value creation.

The mystery then is how is it possible to build a monopoly in value creation.