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Apple’s Ecosystem Competitive Advantage

The next big theme is “Apple's Ecosystem Competitive Advantage,” but I'm not going to talk too much about Apple because the deep insight is more about what an ecosystem is. I have another client who works in the tech space, and he always talks to me about how they want to beat Apple. I pointed out to him that, “Yeah, you want to beat Apple, but Apple is an ecosystem. Apple is entrenched because it's convinced probably millions of developers to develop apps on their smartphone, which make those phones indispensable.” An Apple iPhone without those apps is pretty much a boring experience—a beautiful but boring experience. When you want to compete against Apple, you’re competing against an entire ecosystem. If you want to take on Apple, you can’t just look at what Apple is doing, but you have to look at the entire ecosystem that reinforces Apple. I spoke to Ram Charan recently, and we talked about how Apple has gotten the FDA to approve the algorithms behind their health initiative. That's a big move because it means that when other companies want to build software and apps for healthcare services, rather than doing all of the work of…

The next big theme is “Apple's Ecosystem Competitive Advantage,” but I'm not going to talk too much about Apple because the deep insight is more about what an ecosystem is. I have another client who works in the tech space, and he always talks to me about how they want to beat Apple. I pointed out to him that, “Yeah, you want to beat Apple, but Apple is an ecosystem. Apple is entrenched because it's convinced probably millions of developers to develop apps on their smartphone, which make those phones indispensable.” An Apple iPhone without those apps is pretty much…

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