article discusses the Apple’s new iPhone‚ iPhone X‚ which is priced at whopping $1000 approximately. The new phone has a plethora of technological changes when compared to its predecessor. It is for the first time a smartphone has been priced at more $1000. Even though it was thought that such a high price tag would reduce the demand for the new iPhone‚ that doesn’t look like the case. This is the first time Apple had made radical changes since the introduction of iPhone 10 years back. Analysis of article:
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Microeconomics concepts 1. Apple: ‘We can’t keep up with demand’ Global passion for Apple unabated as consumer demand outstrips supply across iPhone‚iPad and iMac ranges‚ Apple says. As Apple announced record profits‚ chief executive Tim Cook confirmed that even supplies of older‚ cheaper models of the iPhone were not enough to satisfy demand‚ and that sales of iMacs fell primarily because the company could not make the new design fast enough. He added that iPad Mini demand‚ too‚ continued to outstrip
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Marisa Elliot 03/01/2013 An Apple a Day What came first‚ the chicken or Apple? As I sit in the Hayden Library right now I spot countless students furiously typing away on Mac computers and relentlessly texting their thumbs off on iPhone’s‚ both products of Apple Inc. Apple is one of the most well-known companies when it comes to the making of cutting-edge technology. Apple Computer Inc. first came to be a company in 1976 when Steve Jobs and Steve Wozniak released the Apple I in Cupertino‚ California
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Case in the news: Demand/Supply and Equilibrium This article is based on the fundamental idea of supply and demand of the iPhone 5 whose demand has outstripped its supply. Due to the fact that the demand is so high‚ even those who pre-ordered the new slim iPhone 5 had to wait until October to get this new phone. The sales have broken all previous records and stand tall at 2 million phones in the first 24 hours. According to the article people had been
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Module 3: Internal and External customers Apple likes to say “The soul of the apple experience is in its people”‚ the internal customers who are trained‚ motivated and empowered to do what is right for the external customer. When you visit an apple store there is a purposefully designed customer experience part of which is communicated by apple’s internal customers. When you walk the store you are greeted with a warm friendly welcome within seconds of stepping inside. Apple’s internal customers
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iv) Place (Distribution) During this assignment I am going to be making my reference to Apple Inc.‚ specifically looking at their iPhone product. I will therefore refer to Apple and how they diversified their iPhone products‚ the iPhone price assortment‚ iPhone’s places for distribution and the promotional approaches they have adopted to advance these products. 0.1.0 Company Background Apple Inc. is a multinational corporation headquartered in Cupertino‚ California‚ U.S. It is one
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SWOT Analysis • Strengths o Innovative • The iPhone has a touch screen that is not only patented but unmatched by any other mobile product today. It also has many functions of other mobile products all in one device o Compatibility • The phone will work with iTunes and other Apple devices o Ease of Use • The new touch screen interface making operations extremely intuitive. It is extremely different from those of other phones or PDAs that recognizes multi finger gestures‚ just as the human
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When it comes to Sales Promotion‚ Apple knows best. Apple uses promotional methods using special short-term techniques to persuade members of a target market to respond or undertake their products. Examples of certain methods Apple uses for sales promotions are money back guarantees‚ lower purchase price and rebates etc. The Apples stores are very distinct and captivating from many other electronic stores because they display all of their products for consumers to experience hands- on. Consumer’s
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Apple – Technology Business Apple Inc. is an American multinational corporation headquartered in Cupertino‚ California‚ that designs‚ develops‚ and sells consumer electronics‚ computer software‚ online services‚ and personal computers. Its best-known hardware products are the Mac line of computers‚ the iPod media player‚ the iPhone smartphone‚ and the iPad tablet computer. Its online services include iCloud‚ iTunes Store‚ and App Store. Their main purpose is to maintain and continue their excellent
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SEGEMENTAION AND TARGET MARKETING PRODUCT: APPLE WORD COUNT: 2250 TABLE OF CONTENT Introduction --------------------------------------------------------- 3 Background -------------------------------------------------------
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