Preview

Article of the Week: Apples' Success

Satisfactory Essays
Open Document
Open Document
378 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Article of the Week: Apples' Success
Apples’ success When consumer electronic company, Apple, began selling its product, it faced many challenges. Its biggest one was trying to compete with other electronics companies, mainly Microsoft. Up until the end of the 1990s and the beginning of the 21st century all of Apple’s success had come from the Macintosh. After that they started investing in other products such as: the IPod, IPad and IPhone. And today much its success come from those products. “In 2011, Apple surpassed Google as the most valuable global brand at more than $153 billion” (Ferrell, 2). A company cannot reach this achievement simply by having a good product. So how did Apple accomplish this achievement? The answer is: Investing in their retail store and customer service. Since 2001, when Apple opened its first stores, they’ve been investing a lot in the aspect of their stores, so when a customer walks in they have complete access to their product. “The stores are like showrooms that allows customers to test products” (Ferrell, 2), meaning that customers can check for themselves what product fits their need and want. In addition to retail stores, Apple has also invested and changed the way its staff or employee attend to customers. If you walk into an electronic store, the employee always tries to get you to buy they’re latest and most expensive product, they don’t pay attention to your preferences, all they want to do is sell they’re product. At an Apple store “Rather than pushing products on consumers, Apple store employees are asked to listen and assist” (Ferrell, 3). Apple focuses more on finding and helping the customers find what they need, rather than just selling their products. This strategy and relationship between the Apples employee and its customer will benefit the company a lot because the customer will walk out of the store satisfied with the customer service and the fact they had the chance to test the product before they bought it. When a


Cited: Ferrell, O.C, Geoffrey Hirt and Linda Ferrell. “Apple Stores: The Future of Retail?” Business: A changing World. New York: The McGraw-Hill Companies, Inc., 2014.

You May Also Find These Documents Helpful

  • Powerful Essays

    Apple is one of the most successful companies that is globally known, which has proving them to be the leaders in consumer technology. The company is over 30 years and is still very successful and has no signs of slowing down their success. Apple continues to surprise the world with new products year after year using top of the line technology. Apple has produced several products like the Apple I, Apple II, a Quick Take camera, the iMac, and the iPod those are just five of the amazing products the Apple has produced. Though very successful since 1976, they have had some issues with competitors but has overcome and passed them with annual revenues in the billion’s.…

    • 1398 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Apple Inc. is world famous for creating the Mac. They are known by everyone and everyone knows they are the best when it comes to electronics. Apple has created MacBook’s, IPod’s, and ITunes software and know the MacBook Air. Almost every year they seem to come out with the latest technology. Because Apple is so well known, many think they are thriving, but the real question is are they? In this essay you will read about Apple Inc.’s progress and areas that need to be fixed. The Apple brand is so well known with high popularity, it enables the company to create premium pricing and significant demand for its products. When people buy electronics they prefer to buy their products because of the brand and quality. This also gives them an advantage over regional and global competitors, but because of the increase in popularity of the Android; can affect the attraction of Apple’s iOS and can affecting their market share. The company’s strength mostly comes from the brand. It also claims a strong financial performance and gives major capital for future growth (Apple Inc., n/d). The R&D team is constantly pouring innovation and combining its…

    • 885 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Apple came back from near extinction to become one of the most revered technology companies in recent memory. They achieved this status by developing innovative design products and pushing the limits of their marketing prowess. Apple is known for their ability to listen to consumers and revolutionize market segments by providing modern design laden and feature rich alternatives to the target markets. They employ strategies that might contradict normal convention by keeping their prices high to build a brand image of prestige and promote their products through word of mouth. The impact on marketing is hugely noticeable by other companies following suit with store models resembling Apple stores.…

    • 798 Words
    • 3 Pages
    Good Essays
  • Better Essays

    According to Coget 2011, it is clear that the products and services that Apple offers always keeps the customers loyal. On the contrary, it is more than the product given the high rates that the products are sold at in the retail market. Apple staff and management have come up with extremely attractive ways of keeping customers glued to their products and services. The moment one enters an Apple store he/she experiences the Apple retail effect (Coget, 2011). The stores are beautifully organized and arranged to give the customers an ample shopping time and space to move around. The employees and staff are all relaxed and enthusiastic to serve the customers. They always greet the customers with a lot of enthusiasm and smiles making them feel appreciated. Moreover, they are dressed in colorful apple t-shits that bring the mood of a real exciting lifestyle (Coget, 2011). They are all truly connected to the brand and their company. Hafner 2007 also emphasizes the immense success that Apple has acquired through its retail stores. It is like once the customers are in the stores they…

    • 1149 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Apple purpose

    • 887 Words
    • 3 Pages

    A Store Just for Apple: Apple has historically been troubled by big-box sales staffers that are "tragically ill-informed" about its products, a problem that made it difficult for Apple to set its very different products apart from the rest of the computing crowd. By creating a store strictly devoted to Apple products, the company has not only eliminated this problem but has made an…

    • 887 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The second promotional tool that Apple uses extensively is personal selling. The company's Apple Stores are home to many young and knowledgeable sales representatives who are trained thoroughly in both product information and customer service. With the release of new products and upgrades the company produces every few months or so, it is important for sales representatives to stay…

    • 527 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Internal Analysis Apple

    • 1618 Words
    • 7 Pages

    Apple’s tangible resources are extensive and widely documented despite the company’s high level of security in matters of design. The value of analysing the tangible assets of the organisation lies in the determination of the potential for the creation of competitive advantage (Grant 2007). In terms of financial resources, the case quotes Apple’s market capitalisation is approximately US $550 billion, with sales annually over $100 billion. This makes Apple the most valuable publicly traded company in the world. The share price currently stands at around $600, merely 12 years after Steve Jobs’ return to the company, where the share price was $5. Apple’s physical resources include 362 retail stores world wide, which promote sales and effective advertising. Third party manufacturing relationships are also a key aspect of Apple’s success allowing for relatively inexpensive manufacturing while all design aspects stay in-house (Masi 2009). The systems in development, design and software systems are all key aspects of Apple’s organisational and technological resources, and are closely linked to the organisation’s intangible resources due to their close correlation with knowledge and managerial capabilities.…

    • 1618 Words
    • 7 Pages
    Best Essays
  • Good Essays

    Apple Case Study

    • 895 Words
    • 4 Pages

    Apple has gained a comparative advantage over its competitors by carefully picking their employees. According to researcher and author Alex Frankel Apple tends to only hire people whom are “passionate about what they were selling”, this often meant that they hired enthusiastic Apple product users. In addition, Apple’s employees are trained to follow a specific three-step sales process known as position, permission, and probe. The employee first explains to customers that in order to find the perfect product for them they needed to ask a couple of questions. Once permission is gained to ask those questions, the salespeople would ask a number of questions in order to understand the customer’s needs. This approach seemed to be effective for the Apple, giving them the comparative advantage and differentiating their retail stores from competitor’s stores. Another observation that Frankel made inside Apple’s retail stores was that the employees liked to work together, portraying a positive and friendly company culture. The large number of salespeople at the Apple stores at all times may not be cheap but the company justifies this extra cost by the increased customer satisfaction that comes from not having to stand in line or wait for help.…

    • 895 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    In the retail markets of all industries, Apple has clearly distinguished itself from its competitors with its significant revenue. In 2010, as stated by Farrell and Staff (2011), Apple earned approximately $6,000 per square foot, which guaranteed Apple to be the most profitable retailor. The second retailor on the list, Tiffany, only accomplished half of Apple’s profitability (Farrell & Staff, 2011). Speaking of Apple’s success, one cannot fail to mention Steve Jobs, the person who established every “Apple Standard.” Under Steve’s supervision, Apple accomplished great success in the development of a retail concept and technology development in Jobs’ era; however, the legend left Apple forever. Without the master who proved himself an excellent rudder, will the new executives take Apple in the wrong direction? At Jobs’s time, Apple realized its high profit model through genius concept in detail-oriented retail centers sales model, which has been discussed as one of the most successful retail cases ever. Apple’s retail store consists of several successful elements, including the fantastic architecture, the unique products exhibiting methods, and the most “Apple” ingredient, the Apple employees.…

    • 2327 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    • 1. Apple Marketing StrategyApple has been so successful in these last years thanks to his fresh, imaginative way to think and do its business: awinning combination of exceptional products, great style and design, great strategy, innovative marketing, sleekand enticing communications.Apple owes its overwhelming success in the last years to the iPhone and to the smart iPod and iTunes productcombination, a combination of a great hardware piece with great style, great software, great performance, userfriendly interface, with a good e-business service. The iPod + iTunes halo effect and new great Mac computers andMac OS software did the rest in increasing Apple revenue stream.In the 5 years between 2003 to 2008 the Apple share value increased 25 times, from $7.5 to $180 per share. At july2008 prices, before the US Financial Crisis, Apple stock market capitalization was $160 billion.In January 2010 Apple shares topped the $210 mark.But even the best companies with the best products have bottleneck factors which often avoid full exploitation ofthe opportunities.The iPod.Few people are aware - and few market analysts too - that for the first 3 years the iPod was an absolute flop. TheiPod was launched in october 2001, and between 2001 and 2004 iPod sales were between 100-200 thousand unitsper quarter, very far from todays 10-20 million units per quarter, and the iPod sales were not even covering theproduct research & development costs.Then, in June-Aug 2004 something happened, and iPod sales began to grow strongly, quarter after quarter. Today,we all know where the iPod stands, and what a remarkable success it is.The iPod made the fortune of Apple, and it stands out as the major turning point in the company growth.Few people know that the iPod + iTunes business idea was not conceived inside Apple, but was proposed to Appleby an outside source, a music lover and Engineer named Tony Fadell.More on Tony Fadell and on the…

    • 1090 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    This report examines an Apple Retail store from an operations management perspective while also exploring some of the company’s strategies. It points out that Apple retail stores are a special breed when compared to the competition, combining good service and retail practices, in an original way, in order to achieve success. Finally, it recommends Apple’s business model as an exemplary approach to retailing electronics, which should be used by more companies.…

    • 2575 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    one of these three dimensions. If an element or activity goes wrong and starts to…

    • 4737 Words
    • 27 Pages
    Good Essays
  • Good Essays

    Customers almost always prefer an easily accessible store than stores in hard-to-reach locations. Apple has provided intelligent customer service, from online products ordering to face-to-face service in Apple Stores. All Apple employees are trained to interact with customers. The in-store technical support booth, Genius Bar, with its tech support team and engineers, provide help and solutions to customers’ problems. Satisfied with Apple’s services, customers will be willing to come back, which creates a loyalty to the company. Customers are assured when they use Apple’s products. There is a high possibility that they will mention this to their acquaintances and associates, thus the creation of Apple’s professional image and its extensive customer base.…

    • 311 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    2. ' 'A study on marketing strategy of Apple ' ' December 2012 II Declaration I hereby declare that this dissertation is my own original work and is the result of my own investigations. This dissertation research was conducted to fulfill the requirements of BA (Hons) in Business Administration (Marketing) associated with University of Wales. XYZ December, 2012…

    • 11485 Words
    • 30 Pages
    Powerful Essays
  • Powerful Essays

    The clock strikes twelve and the endless line outside the store shakes with alertness. The long and tiring wait is about to end, as the impenetrable Apple store begins to open. Their weariness turns to joy as the doors become ajar and the heavenly light shines through sun-deprived city. The endless hours in the cursed line of other customers competing for the same prize have provided the prize they seek. All over the world, thousands of customers are willing to spend their time, waiting for the newest and best product, to replace their outdated devices. Since the creation of Apple Computers in 1976, the frenzy for innovation has taken the globe by storm. Their extensive line of MP3’s, phones, and computers has revolutionized our technological atmosphere to an extent that will never be matched. Every detail of the marketing plan for these ingenious products has been so finely appraised, allowing this company to lose all competition and become a mass-marketed, globally known, company. Due to the efforts of Steve Jobs, and all employees of Apple, Apple has found its way into homes across the globe with better marketing techniques and pure dedication.…

    • 1243 Words
    • 5 Pages
    Powerful Essays

Related Topics