posted in Technology
Global smartphone shipments record worst third quarter in 14 years amid memory shortage
www.reuters.com/business/retail-consumer/global-smartphone-shipments-record-worst-third-quarter-14-years-amid-memory-2026-10-12/
Replying to @return2ozma@lemmy.world
If I were a dictator I would permit only 4-5 models of smartphones. Why produce huge amounts of shit if you can just make a few decent machines? That would save an enormous amount of resources and energy.
Replying to @username_1@discuss.tchncs.de
Less competition would mean higher prices.
Replying to @Zedstrian@sopuli.xyz
Models, not factories. I don’t care what factory would produce them. Plus the concept of “competition and price” is an abstract thing from economics textbooks. You know, like “communism” or those kids buying a crazy numbers of watermelons. In the real world “competitors” would form cartel and regulate prices as they wish. And please, don’t counterargument with a reference to something that happened in '53. That is no more relevant than late Roman economics from II century CE :)
Replying to @username_1@discuss.tchncs.de
The less competition there is in a market, the less incentive companies have to reduce their profit margins to gain market share. Antitrust legislation is typically used to ban cartels, but with so few market participants, the need to collaborate in fixing prices is lessened.