> However it is obvious why this is all happening. And that is Intel and Qualcomm inhibited growth and squeezed too much profit from the market.
It's not that intel and qualcomm have squeezed too much profit, it's that Apple, Google, Facebook, etc have too much profit. Apple and Google are worth $2 trillion. Facebook is worth more than $1 trillion. Intel and Qualcomm are worth $300 billion put together. These tech companies are big enough and monopolistic enough to own their entire hardware stack. It's like when Rockefeller and Standard Oil got so big that they "bought" the railroads that transported their oil.
Apple and Google each make more profit than Intel and Qualcomm's combined revenue.
It's not that intel and qualcomm have squeezed too much profit, it's that Apple, Google, Facebook, etc have too much profit. Apple and Google are worth $2 trillion. Facebook is worth more than $1 trillion. Intel and Qualcomm are worth $300 billion put together. These tech companies are big enough and monopolistic enough to own their entire hardware stack. It's like when Rockefeller and Standard Oil got so big that they "bought" the railroads that transported their oil.
Apple and Google each make more profit than Intel and Qualcomm's combined revenue.