How economics works ? 1B$ for an app ? Innovative Small scale business are struggling to raise a million, and blatant copy cats raising billions ? Capitalism works correctly tho, what they have earn has to give back to earn more.
It's not difficult to build a ride sharing app (it's all well known technology). It's difficult to gain market share.
This $1B is a temporary ticket out of jail for Apple. Intel had to pay its $1.5B last year, Qualcomm didnt pay and was fined >$1B for 'abusing monopoly position'.
what....? Apple is thriving in China. Everyone and their mom has taken out loans to buy an IPhone. I'm not even exaggerating.
Foreign cars outsell the locals brands by a large margin