Comment by oblio

> It’s an opportunity for other companies to take over imo.

This is a feeling commonly shared here.

I'd like to point out that IBM still dominates the large, billion-dollars worth mainframe market, almost 70 years after it invented it, despite continuous mismanagement for probably 40 years.

Microsoft dominates the PC market 40 years after taking it over with MS-DOS, and despite multiple debacles (Windows Millennium, Windows Vista, now Win 11, probably others I'm forgetting).

Microsoft dominates the office suite market 30+ years after taking it over with MS Office, despite some huge controversies (the Ribbon still annoys nerds, to this day). More than that, Microsoft has leverage MS Office to become the close second cloud provider after AWS despite starting far behind it.

Google and Apple will probably dominate the smartphone and tablet markets for a long time, after taking over those markets 10+ years ago.

The market can stay irrational longer than you can stay solvent and a company with a massive moat can outlive most of us. I'd actually turn this on its head by saying that assuming a new comer will topple the incumbent "any day now" is the irrational approach to a market.