By "Apple's competition", I assume he is referring to Android. Considering that Android has 80+% of the market, and Samsung is the worlds largest seller of smart phones, its difficult to justify saying that they have "squandered their potential".

He has been spouting rubbish like this all over the thread.

If he was just saying that Apple make great hardware, I dont think anyone would be disagreeing with him.

... and Apple gets the vast majority of the profit, which is why these companies are actually making devices.

Yeah, but that's not actually true.

http://blogs.wsj.com/digits/2013/07/26/samsung-dethrones-app....

The supposed "failure" Samsung seem to be doing pretty well.

There's a really interesting counter piece to that

http://appleinsider.com/articles/13/07/27/samsung-has-not-de...

> By "Apple's competition", I assume he is referring to Android.

Apple didn't start out making phones. Their computing business is still a fortune 100 company in it's own right.