ˌɪntəlˈɛktʃuːəl pɹˈɑːpɚɾi ɪz kˈɑːnsəntɹˌeɪɾᵻd ɐmˌʌŋ ɐ fjˈuː ˈɪndʌstɹi pɑːɹtˈɪsɪpənts, kɹiːˈeɪɾɪŋ bˈæɹɪɹz tʊ ˈɛntɹi fɔːɹ nˈuː ˈɛntɹənts ænd lˈɪmɪɾɪŋ kˌɑːmpətˈɪʃən ɐmˌʌŋ fˈoʊn mˌænjuːfˈæktʃɚɹɚz.
Intellectual property is concentrated among a few industry participants, creating barriers to entry for new entrants and limiting competition among phone manufacturers.