Preview

Apple Brand - Marketing Strategy with the Customer in Mind

Powerful Essays
Open Document
Open Document
2090 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Apple Brand - Marketing Strategy with the Customer in Mind
Apple, Inc: Marketing Strategy with the Customer in Mind

By: Rosa Somerville

BUS 330 – Principles of Marketing (BAD 1216A)

Instructor: Vicki Long

May 21, 2012

Introduction
My friend just recently purchased the Apple I-phone 4. She made the decision after she found out that she can use the smartphone to communicate with her son face to face while he is in training out of state. Her previous phone, a Samsung LG did not have nearly as much capabilities as her new smart phone. Apple has proven to market very innovative products that will allow consumers to do just about anything with a touch of a button. Apple thinks outside the box when it comes to strategic marketing and product building. The company has been profiting from a strong marketing segmentation for years. My friend has had an awesome experience with her I-Phone and is looking to purchase the I-Pad. I can believe that many people like her will be dropping their simple products and picking up a more smart and innovative Apple device. In this paper I will discuss how Apple has utilized successful marketing segmentation to become the leader in technology. Through market segmentation, Appls has proven to value its customer’s needs. Apple has positioned itself in the market environment, by introducing products that suits everyone. Competition can be tight especially in the world of technology. But Apple may have set a very high standard that is too far for the competition to reach. From the youngest to the youngest at heart, Apple has a great deal to offer. This generation of children will probably take Apple to the next level. Apples product life cycle, has already outlived its visionary, Steve Jobs. The company itself has proven to have built a lasting brand for lifetimes to come.

Apple’s Market Segmentation
How else can a company identify its customers and aspire to lift their spirits with an awesome product? Market segmentation can help a company achieve this goal.

You May Also Find These Documents Helpful

  • Better Essays

    “Market segmentation is a two-step process of (1) naming broad product-markets and (2) segmenting these broad product-markets in order to select target markets and develop suitable marketing mixes” (Perreault, Cannon, & McCarthy, 2011, p. 92). To complete successful market segmentation an organization must gather information on potential customers, divide the population into various market segments, estimate the most profitable segments, and rank the market segments by potential sales. This process is imperative during the marketing process because it distinguishes…

    • 1524 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Market Segmentation is that process of breaking down a large market into smaller groups of consumers so that they can market more efficiently. Whether you are a consumer oriented company or a business oriented company you should use Market segmentation.…

    • 882 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    MARKET SEGMENTATION

    • 4820 Words
    • 14 Pages

    Market segmentation provides businesses with the possibility of customizing a unique set of elements known as the 4P’s (product, price, place, and promotion) for specific target markets. Therefore, it allows them to satisfy their customers’ needs in a more effective way, through a value proposition that is potentially superior to that of any other competitor. Market segmentation refers then to the process of defining and breaking down a wide market into clearly identifiable and homogeneous groups of consumers with similar characteristics, wants, and needs.…

    • 4820 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    2. Market Segmentation involves dividing a large market into subgroups of customers with similar needs and requests for goods and services. These subgroups are identified by many demographic situations, depending on what it is that the marketer is segmenting them for. Marketing campaigns can then be developed around the needs and wants of the subgroups. The main and basic reason for market segmentation is to help a company understand what the needs are of its customer base. Often by segregating consumers by specific criteria a company can identify other functions for their products that may or may not have been recognizable before. Identifying these other ideas for use of goods and services may help the company target a larger segmentation in that same demographic classification and thus increase market share among a specific sub market…

    • 300 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Marketing Plan of Itv

    • 8083 Words
    • 33 Pages

    This report first of all reviews Apple Inc’s milestones and environment, in order to be able to develop an appropriate segmentation, targeting and positioning strategy. This enabled the iTeam to develop the Marketing mix (Product, Price, Placement and Promotion Strategies).…

    • 8083 Words
    • 33 Pages
    Powerful Essays
  • Better Essays

    Apple Marketing Strategy

    • 3043 Words
    • 13 Pages

    The Company was created on April 1st, 1976 by two friends, Steve Jobs and Steve Wozniak along with one of the former colleagues of Jobs at Atari, Roald Wayne who was supposed to act as an arbiter between the two former students but who left the company after only 2 weeks because of his financial situation and the risks involved in the project. The first computer ever created by the company, Apple 1, was built in Jobs family garage in Los Altos, California and was nothing more than a computer circuit on a wooden board. The company’s focus was computer manufacturing until the early 2000s when Jobs turned it into a ‘consumer electronics’ company. The company met its downfall in the 90s, but Jobs who had just launched the Pixar studios, went back to the company as CEO and stayed at this position until 2011 when his medical condition forced him to resign. Tim cook, who had been Chief Operating Officer since 1998 then took over as CEO and remained at this position after Steve Jobs’ death, in October 2011.…

    • 3043 Words
    • 13 Pages
    Better Essays
  • Powerful Essays

    Market Segmentation -Hmv

    • 1861 Words
    • 8 Pages

    Market segmentation is the fundamental component of a market-based strategy. A market segment is a specific group of customers with distinctive customer needs, purchase behaviours and different descriptive characteristics. (Best, 2000) By categorizing markets into sub sectors, targeting marketing effort in such a way as to meet the technical and other requirements of each of these, organisations maybe able to secure greater competitive position than if they attempted to satisfy the general requirements of the market as a whole.…

    • 1861 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    “The Marketing Era was characterized by increasing professional specialization in the marketing discipline, with an emphasis on managerial decision-making, quantitative analysis, and recognition of the societal aspects of marketing (Bartels, 1976)”. Apple electronics has a very large and very diverse inventory to meet every type of customers’ needs whether their electronics is for educational purposes, business purposes or strictly for personal use. Among the different types of products there is also a vast production of accessories and downloadable material that can or will coincide with the purchase of your Apple electronic device. The most popularly used devices among today’s society and technological world are the Apple I-pads and Apple I-phones. Perhaps the most anticipated item of the decade is the I-phone 5.As the majority of our nation’s main goal is to stay up with technology we can assume the hype of new technology will continue to be the main priority of sales growth among the Apple electronic, Hence the reason why so many people are or will be waiting in…

    • 1707 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Market Segmentation

    • 354 Words
    • 2 Pages

    Market segmentation is an essential part in today's business world. It is because not all customers have the same requirement and a market strategy which does not recognize this fact will result business failure. Market segmentation is the process of splitting customers, or potential customers within a market into different groups, or segments, within which customers have the same or similar requirements satisfied by a distinct marketing mix. Nike has been successful in market segmentation for selling their soccer boots, which resulted in a significant market share in that particular product category in recent years.…

    • 354 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Harley Davidson

    • 557 Words
    • 3 Pages

    Market segment: is a portion of a larger market whose needs differ somewhat from the larger market. Market segmentation involves four steps: Identifying product-related need sets, grouping customers with similar need sets, describing each group, selecting an attractive segment(s) to serve. The goal is develop a product focused solely on the needs of the segment this will meet the segment’s desires better than a firm whose product or service attempts to meet the needs of multiple segments.…

    • 557 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    In today’s modern technology world, much of the population has heard of Apple Inc., the dominating computer hardware, software, and consumer electronics company. The company has had the distinct ability to encourage consumers to purchase an apple product, and then maintain that customers loyalty for years to come. But how is Apple able to create such loyal customers? Their products are innovative and easy to learn, but there is also a financial cost that many Americans are hesitant to invest in. Since 2009, Apple has been practicing five marketing tactics that “lock” customers in. As noted by Dan Tynan, writer of the article, Apple has five company and product characteristics that ensure loyal customers. These five traits are iPod and iTunes, iPhone and the App Store, Mac computers and the Mac OS, installed software an extra (sometimes unwanted) apps, and “shoes and spies.”…

    • 585 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Because of their marketing strategy, apple is able to provide valuable differentiation; they have captured the subsidy revenue stream for which a carrier would have normally paid to the handset manufactures anyway for “FREE” Phones.…

    • 647 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Apple Inc. is currently the world’s most valuable company at over $500 billion as a result of a “user-centric fast follower” business and marketing strategy . Apple has not pioneered completely new-to-the-world products but excels as an innovator of key technologies in growth markets . Apple’s success stems from its Leapfrog Strategy of improving/enhancing its own products based on the mistakes of market pioneers (Walker & Mullins, 2011). With the 2007 release, the iPhone’s sleeker design and innovative software improved some overall functionality of the product compared to existing smart phones in the market. The iPhone did not incorporate 3G technology and the camera offered only 2-megapixals when other companies offered up to 5-megapixals. Nevertheless, improvements over existing technologies resulted in Apple obtaining a share of the mobile phone market over established competitors like Nokia and Motorola.…

    • 506 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Market segmentation refers to the process of dividing a market into a smaller group of buyers with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes. The marketers of Haagen-Dazs in Malaysia have tried different market segmentation variables to find out the best method to market structure. The characteristics that used are geographic and demographic.…

    • 726 Words
    • 3 Pages
    Good Essays
  • Best Essays

    The customers of Apple include individual consumers, small and mid-sized businesses, enterprises and governments. Apple adopts the strategy of holding high price position beyond its competitors to represent its high quality and high price brand image. This brand image is also reflected in its stores, which are all located in desirable high-traffic locations with premium store designs and customer services (GMID, 2013). As a reason, the majority of Apple’s consumers are price-incentive due to brand loyalty and the pursuit of high quality. Furthermore, to maintain the high price position and avoid price sensitive markets, Apple implements rigorous…

    • 3979 Words
    • 10 Pages
    Best Essays

Related Topics