Earlier quoted context omitted.
> "take other people's innovations and monetize them by polishing things up" The devil is in the polishing up, evidently. Your post is almost scarily indicative of the industry attitude that has allowed Apple to take over to the degree they have. Only hard, technical inventions are given any respect, and when we talk about UX we call it "polishing up", almost spitting those words out of our mouths in condescension. A…
I do think what Apple does is important, but I don't think profits are really distributed in proportion to contribution, because the final product is an accumulation of work done by different people and companies, but there's no real accounting mechanism to distribute the profits accordingly (patents are a largely failed attempt at one). The best place to be in business for profitability is to do that last 10-20% tha…
--The 80/20 rule [Old saying]
Monetization does seem to be maximized at a bottleneck or stumbling block. Like bridge tolls. Or that final thing that makes the whole worth more than the sum of its parts. Apple does seem to do both.