You’re probably too young to remember this, but back when I was a boy, obtaining market dominance meant you could be pretty optimistic about your future. At least for a little while! Now it just means you’re a bigger target for an emerging technology or business model to attack.
Consider, for example, how Blockbuster vanquished all the mom-and-pop video rental stores, then Netflix came in and almost put them out of business, and it looks like Amazon may now have Netflix in its sights with the addition of video streaming to its Prime membership package.
And now Best Buy is facing a similar fate. I’m anxious to see this special program CNBC is airing. It’ll be rebroadcast several times in the next few days and there are some clips from the program here, too.