Products of Positive Matrices

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Is it true that every infinite product of positive matrices (every element is larger than 0) converges to a rank one matrix?

I learned that Birkhoff's Contraction Coefficient is smaller than one for positive matrices and that Birkhoff's Contraction Coefficient is submultiplicative.

Additionally, Birkhoff's Contraction Coefficient is 0 for rank 1 matrices.

Combining these insights, the claim should follow. But it is somehow against my intuition.

Thanks for your help!