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Why can't we go back to small phones?
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My favourite example is Concorde, which remained profitable throughout its service life but was cancelled because bigger profits can be made with slower planes.
Patents expire after 10 years so technology being locked away isn't the biggest concern. The bigger problem is the dismantling of supply chains and loss of skills and experience when the workforce moves on.
Concorde was cancelled because one crash instantly turned it into the least safe plane statistically, and demand was dropping.