Rochester NY resident since 1982, Kodak's peak employment year. Wrote embedded software for Xerox for a couple years around 2000. My belief is that companies like Kodak, Xerox, HP, IBM, etc. have business structures that cannot survive in a low margin business. These companies drove and thrived with technological change for decades. The leadership could not accept the change of their key lines of business into low ma…
If that is true, I believe Google, MS wold have a similar problem but Amazon won''t
I think Amazon's ultimate success is predicated on eventually developing a higher margin business.
It seems many previous businesses founded on the low cost producer strategy, e.g. Dell, uses it as a means to get scale, then emphasise higher margin products and services.