This has pretty frightening implications for the state of consumer goods, if industrial goods are already going this direction.
This has pretty frightening implications for the state of consumer goods, if industrial goods are already going this direction.
This scenario has played out thousands of times in the manufacturing/industrial sector over the past 30 years. The end result is that the vendor trying to lock their customers in to a service contract loses out to whoever makes a remotely comparable product that isn't locked in within a decade. The sales generated by virtue of being the "non-bullshit" vendor far outweigh the profits associated by following the market leader into the world of walled gardens.
The issue is that any open version of a product has to compete in such a way that matches the buy cycle of the product. I don't imagine farmers buy new combines every year! These things has to work for decades! Ditto with a lot of idustrial machinery.
This applies solely to stock market speculation, due to a perfect amalgamation of human psychological biases and fallacies.
In consumer economics we use utility value (iirc, it's been far too long since I've opened a textbook). Consumers will definitely drop their JD's if a "no-bullshit," almost as good option comes along, because the utility value gained will be higher than the asset loss.