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The Cycle of Innovation: Lessons from Apple and Other Monopolies
In the fast-paced world of technology, it can seem that companies achieve success almost overnight, propelled by innovative products that captivate consumers. However, the cycle of innovation often reveals a different narrative — one that is riddled with the challenges faced by monopolistic entities. A comparison between Apple and its predecessors like PepsiCo, IBM, and Xerox demonstrates the importance of authentic product development over mere marketing prowess.