iEmpire limited in countries without credit infrastructure
Quote from Horace Dediu today on the inexorable growth of Apple’s ecosystem.
If there is one obstacle to the iEmpire it’s the addressability of markets which lack consumer credit infrastructure. I suspect, however, that these problems are not unsurmountable given that telecom infrastructure leapfrogged credit infrastructure growth with nary a ripple. Apple could certainly offer that service directly to the consumer.