alt Hacker NewsYou are discounting sales, marketing, and branding. Take drop shipping for example: anyone can do this, but the successful ones are those that know how to brand and market the product well.
Not to mention having the right mindset for startups and building a business.
The code and product is maybe only 20% of the story.
I'm not. That edge eventually converges to 0 when you have 10+ competitors that offer the same for 10x less money.
If you don't have some kind of cult following like Apple eventually you'll get margin-squeezed till death and all that marketing, sales, etc. will get cut down to stay afloat.
Of course all of the above is just my theory how this will play out in the long run, I'm no oracle by any means.