Monopolies in the world of tech aren’t something that is too uncommon according to Ted Bauman. One of the most well-known companies to have what is considered a monopoly is Apple with their popular iPhone. After Steve Jobs of Apple passed away, many people considered Jeff Bezos of Amazon to be the next big name in tech that took his place with the 4th highest valued company on the entirety of the New York Stock Exchange. While Amazon does have a lot of power when it comes to shopping, Ted Bauman argues that they are not the monopoly that many people believe it to be and is still vulnerable to the market.
Ted Bauman is an editor with Banyan Hill Publishing. His monthly publication, The Bauman Letter has more than 100,000 readers that come to him for advice and tips on how to keep their wealth through innovative strategies concerning investing and beyond. Other publications from Bauman include Alpha Stock Alert and Smart Money that introduce readers to different trading systems that he has created over the years. He insists that he is not a stock analyst and rather is an economist which gives him a unique viewpoint on the market and how to profit from it.
When talking about Amazon, Ted Bauman sees it as the modern version of the Sears catalog. While people thought that Sears was unstoppable during its early years, their recent fall from popularity proved that even companies that are considered juggernauts can fall if they do not keep up with the market. People want immediate gratification and to be able to shop where and when it is convenient for them which is why Amazon Prime is such a popular service.
While Amazon does control a large portion of online sales, Ted Bauman says it’s important to remember that they are still outsold by brick and mortar stores like Krogers. while Amazon has hurt the sales of retailers like book stores, most offline retailers have remained largely unaffected. This shows that for the most part people still want to be able to get their items immediately after purchase. Ted Bauman Says Amazon Isn’t a Monopoly, Warns Shareholders of Vulnerability