Demand exceeds supply As seen from the above explanation, whereby Apple Inc uses the non price competition as a strategy in gaining market power by increasing the demand of its products over their competitors, however in the short run this might result to demand exceeding supply.
When the demand of IPod reaches a peak, seller has powered to dominate the market. Eventually this will result to an increase in demand hence shift of the demand curve to the right.
The demand of Apple products soon declined and the demand curve will be shifted to the left.
It brings seller as a price maker. In October 5Steve Jobs died of a pancreatic cancer. There are too many barriers to entry that the new competitor will have to face if Apple inc microeconomics wants to emerge into the market.
This has brought a positive impact to the society as it shows creativity from the company Jeff Richardson, During the early life of Apple, it was struggling to survive in the market due to their limited compatibility because during Apple inc microeconomics time, Microsoft Windows was more predominant in the market compared to Apple.
The first of advantage which is obtained by company is the rising of their income. This also prompts the increase in demand of apple products in global market, especially for IPod Touch and IPhone.
According to Steve jobs, he named the company as Apple because he used to like apples and he was on a fruit diet, he thought the name was good fun and spirited Sumit, As we can see, when demand increases, the demand curve shifts rightward.
But despite the competition in the market, Apple is still dominating in the sales charts. The scenario can be well illustrated through the graph above.
That is the particular reason why the demand of Apple products, especially IPod Touch and IPhone increase rapidly in the market. Differentiation of products and Access to Market power Business firms such as Apple Inc, which operate under imperfect market structure oligopoly use differentiation of products strategy to dominate the market and hence become a price maker.
It includes a wide range of hardware and software products.
Apple also designs and builds their own software for their devices. An example of similar products to Apple inc includes Samsung Company which is a producer of both smart phones such as the S series phones as well as Samsung computers and we also have Sony corporation which makes smart phones like Sony Xperia Z as well as Sony computers.
Since the introduction of the first iPod, Apple has then become a leading innovator in design and technology and has become one of the most must-have products. This will cause the consumers to want to buy Apple products as in this technologically savvy era, many people want to stay ahead with the advancements in technology to not feel left out.
Apple has been able gain market power and survives through extensive competitiveness that is inevitable in its form of market structure. However she has been able to transform the general outlook of tech industry and beyond its boundaries through regular innovation and improvement that has the company an Iconic figure in the market place today.Oct 24, · Apple Inc.
is a multinational cooperation that designs, manufactures and markets telecommunication devices, media devices, desktop computers, laptops and portable digital music players. Apple also designs and builds their own software for their devices. Apple Inc. was established on the 3rd of Januaryfounded by Steve Wozniak and Steve Jobs.
Oct 26, · MICROECONOMICS. Friday, 26 October The explode of apple products in the market. Nowadays, the brands of apple products become famous and famous concomitant with the development of technology.
Apple products are totally success in creating various types of goods, such as IPod Touch, IPhone, I-pad and Mac book. Author: Microeconomic Taylors.
Jan 27, · How Will Macroeconomics Play Into Apple's Performance? Bloomberg Daybreak: Americas January 27th,PM UTC. Techonomy Media CEO David Kirkpatrick and Cowen and Company CEO Jeff Solomon. MICROECONOMICS OF THE APPLE IPHONE 10 iPhone 6s sold for an average price of from ECO at Southern New Hampshire University99%(67).
Apple is the world’s second largest information technology company by revenue after Samsung Electronics. Apple Inc. has produced multiple consumer electronics, computer software, personal computer, MP3 players and mobile phones.
Apple Inc. is an innovative designer and manufacturer of consumer electronics. The company initially manufactured personal computers and software and was called Apple Computer, Inc.
In JanuarySteve Jobs, co-founder and CEO, announced that the company name was being changed to Apple Inc.Download