Understanding the competitive forces within a market is essential for the successful rollout of a new product. The following paper will perform a competitive market analysis to determine the product’s potential success. Our team has selected Apple and Smartphones. Apple is a very successful organization and they have mastered marketing to the consumer with their phone design and style. Despite their astronomical success there are some very good competitors with equipment that is comparable if not better than them.…
In a strategic planning group at a large corporation you must be able to develop products and show why the product would be a success. A competitive market analysis will determine who the primary competitor in the market is at the time the product is released. The company and the product that was chosen in the analysis is the iphone 6 made by Apple. This paper will focus on the short history of the organization, the description of the Iphone, factors that will affect demand, supply, and equilibrium prices in the market in which the competitor organization operates. It will also address any issues or opportunities Apple faces that affect its competitiveness, long term profitability, price elasticity of demand, technological innovation, the relationship between the amount of labor, capital employed, the law of diminishing marginal productivity, cost structure and factor affecting fixed costs. The recommendations on how this product will maximize the profit making potential will also be made.…
MacDailyNews. NPD: Apple retains huge lead with 75.6% share of U.S. music player market. 4 June 2008 . Macworld 2007 Keynote. By Steve Jobs. Perf. Steve Jobs. Moscone West, San Francisco. 2007. Millward Brown. "BrandZ Top 100." Report. 2008. Reuters. Japan 's NTT DoCoMo to tie up with Google. Press release. Tokyo: Reuters, 2007. RIM. "BlackBerry Connect Software." Research in MNotion. 4 June 2008 . Rose, Frank. "Battle for the Soul of the MP3 Phone." Wired Magazine November 2005. Vodafone. Who we are. 4 June 2008 . Wray, Richard. "O2 wins Apple iPhone deal ‐ at a hefty price." The Guardian 17 September 2007. "Competition, Compatibility, and Standards: The Economies of Horses, Penguins, and Lemmings" by Joseph Farrell and Garth Saloner. 1987 Antitrust in Software Markets with Michael L. Katz, in Competition, Innovation and the Software Monopoly, 1999…
Apple Inc. commonly known as Apple has effectively managed to be a successful company in a very competitive consumer electronics industry by been innovative and differentiating the company’s products with similar products in the markets by offering high quality products and good customer service while the actual manufacturing of the products is outsourced to trusted third party suppliers. On a wider perspective, the company has set high standards that even the company itself has to be on its level best to maintain the standards that it has set. Over the last few years, the consumer electronics market has become heavily commoditized which as a result has seen intense completion from competing firms in the industry where price has become the main aspect of the competition. By making use of the talented research and development team, Apple has been able to position its products as the best in terms of innovativeness, performance, and reliability while compared to similar products in the market. This paper will examine the history of Apple Inc., Apple financials, risks or uncertainty, government regulations affecting Apple, pricing strategies, demand elasticity for Apple products, Apple’s profitability, competitive environment, and mistakes in its decisions over time and recommendations for improvement.…
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…
Select two (2) tech stock companies that attempted to make profits from rising consumer demand after the crash. Analyze how they attempted to make a profit after the crash and discuss any unethical practices.…
“The Texas Myth” in history has been created by many Anglo historians in hopes of creating and perpetuating a history that supports the Anglo cause of expansion during early Texas history. Many of the early Texas historians such as Webb, Dobie, Haley, and Webber have provided many historical accounts as told from the Anglo perspective. However, new historians such as Volanto, Goldman and Ginn have provided new perspectives that have begun to challenge the traditionalist views of history. With different views of history, we can then begin to understand how other cultures have contributed to the creation of the Texan Identity and help in moving away from the Myth.…
Thousands of people search this question daily, but the results are always divide by biased opinions. Apple and Samsung have been the two top mobile device companies since the 2000’s. People voice their opinions daily but they never state facts Until today there was a way to decide which company is better. Therefore Apple is better than Samsung. Apple has a number of pros that Samsung does not, like Apple gives so much back, and helps the US economy area. Apple also has a better reputation with repair companies, and a better rating for repairability then the Samsung. These reasons all add up with why Samsung is better.…
The market for smartphones is a very young one, currently in its maturing phase. Direct competitors of Apple, Inc. include Google, Samsung, Hewlett-Packard Company, BlackBerry Limited, and Microsoft (Yahoo Finance, 2015). There are a large number of firms in the smartphone industry, but not too large. Furthermore, each company sells the same quintessential product, but each is differentiated – Apple sells its iPhone with special retina screens, Samsung sells with a larger screen, etc. There are no major barriers to entry to the market, so firms that are not profitable in the smartphone business can easily leave and vice versa (McConnell et al, 2009). All of these facts point to the fact that the market structure is a monopolistic competitive environment.…
The industry environment is the set of factors that directly influences a firm and its competitive actions and competitive responses: the threat of new entrants, the power of suppliers, the power of buyers, the threat of product substitutes, and the intensity of rivalry among competitors (Hit, Ireland, and Hoskisson, p.40). In this case, Apple is just one of the many competitors in a saturated markets offering both hardware and software for personal computer systems. Intense players such as, HP/Compaq, Dell, Gateway, and Microsoft all take substantial market share in the industries Apple is competing with. Today in the computer hardware industry there is intense competition and the only way to gain market share is to take customers away from the competition; Dell, Gateway, and HP/ Compaq. Dell runs a direct-to-customer business which offers consumers lower prices, increased customization, and outstanding customer support. Gateway offers a service similar to Dell, but complements it with brick and mortar locations where customers can interact with sales representatives. HP/Compaq plans to focus on innovation in order to keep the large customer base they have already attained.…
The primary purpose of this report is to execute an economic analysis on Apple Inc. We will review the impacts that the competitive market has had on Apple, since it was founded in 1976. This report will detail how Apple Inc. is both a dire example of the adverse effects of monopolistic competition on a company as other companies into the market; as well as an exceptional example the economic rewards yielded by innovation and brand differentiation within a competitive market.…
For the purpose of this paper I have selected M/s. Apple Inc as an organisation. M/s. Apple Inc are considered to be one of the most competitive organisations in the globe who operate in a very fast environment of technology and computers, where the developments are so rapid and fast that the management are expected to revisit their strategies and implementation plans on a continuous basis to stay competitive and maintain that technological edge in the market place.…
Analyzing the computer industry from 1995 to 2005 seemed to be like analyzing a game of chest between the major competitors. The development is noticeable and the shaping of different corporate strategies could be sensed easily thanks to the different approaches toward the movement of the industry that the companies had; some of them shaped it, some followed it and some helped it grow. In order for us to analyze the computer industry during the up said time period, we will consider porter's five forces analysis, though static, it helps improve one's understanding of the setting and the conditions of such. Porte's five forces constituted the analysis of the new entrants to the industry as the barriers that can occur and the rivalry that represents it, the supplier's and buyer's power and the threats from substitute products. With this in mind, in order to determine if the industry is attractive or not we need to understand the pulling of these forces and therefore the profit potential of such industry. Since we are mainly concerned with Apple computers, we will alternate also with the position of the company and its defense against these forces giving a setting for recognizing the company's corporate strategy.…
Apple faces many challenges to maintain its core competencies: marketing, innovation, relationship building, and brand management. They are trying to manage a wider variety of products and traverses into additional markets. Their diverse customer base and fresh sets of competitors who have a wider variety of strengths and strategies. The industries of technology and entertainment are on a fast track for changes. Uncertainty is on management’s mind wondering if Apple will be able to maintain its reputation for their brand due to their innovative designs, frequently releasing breakthroughs in the technology world, and new products that will satisfy the customer’s thirst for the newest gadgets. Also taking into consideration is the collection of products which are no longer being developed internally It now has to depend on the negotiation skills with the movie studios and recording companies. Movie studios and recording companies each have their own competition, and copyright issues that present problems during these negotiations (Hitt et al., 2011).…
I) What are the key messages in the website and the video commercial (or a print advertisement) of company A and B of your group?…