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Monday, May 27, 2019 1:07:36 PM
From the 10k:
Competition
With regard to the internet applications in general, competition is intense. For example, according to Statista by mid-2015 there were more than three million different smartphone applications available to users. We think it is likely that this number has only increased since then. In spaces that are this crowded t he principal matter of competition is about capturing user mind space, which for a given product consists of elements such as degree of product exposure to users, degree of product apparent desirability, pleasure of product usage, and persisting necessity for the product in a user’s life. These elements of competition are well known to our competitors which include the internet giants Google, Apple, Facebook and Amazon, all of whom have financial resources and operating staffs substantially larger than those of the Company, and all of whom can focus on the optimization of their products towards the same consumer and business arenas upon which we intend to focus.
With regard to ArK augmented reality space, while there is no direct competition in the at the moment, that could change in a heartbeat with an interest taken by any of the internet giants mentioned above.
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