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Senator Warren Calls Out 21st Century Digital Robber Barons

Perhaps no other company embodies the alleged abuse more than Apple. The popular electronics producer has sought to block competition at nearly every turn and through nearly every avenue. According to Parks Associates, an internationally recognized market research and consulting company, Apple controls 40 percent of the smartphone market. “The Wall Street Journal” reported that Apple collected 92 percent of all profits in the smartphone industry market in 1995. Apple has effectively leveraged its position to snuff out competitors, or to dictate terms for their operations.

From the article "Senator Warren Calls Out 21st Century Digital Robber Barons" by Freddie Allen.

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The category certainly shows positive momentum. Last month, Parks Associates released research that found that one quarter of U.S. smartphone owners use payment apps at least once monthly and that mor...

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