Re:Lyft says its revenue is growing nearly 3x faster than Ub...
by bonesss on Tuesday March 13, 2018 @09:55AM
(#16576081)
> Maybe being first to market is overrated?
Sometimes being first to market yields an unshakable dominance in that market for a long time to come... Mostly not though :)
What you're pointing out is often called 'second movers advantage'. Apples iPhone is a pretty decent example: by not being the first phone provider Apple got to enter a maturing market with a mature offering, use their own core competencies, and dominate. That's hard to do if you're bogged down with backwards compatibility and fighting to make the tech possible.
Sometimes being first to market yields an unshakable dominance in that market for a long time to come... Mostly not though :)
What you're pointing out is often called 'second movers advantage'. Apples iPhone is a pretty decent example: by not being the first phone provider Apple got to enter a maturing market with a mature offering, use their own core competencies, and dominate. That's hard to do if you're bogged down with backwards compatibility and fighting to make the tech possible.