Apple: An Introduction
Apple Incorporation is one of the largest organizations dealing into Information Technology. Apple has a host of products ranging from Laptops, Desktops, Mobile Phones and Multimedia Devices. The company has been extremely innovative in the field of multimedia and it owes it success to one of the greatest innovators, Steve Jobs. The company has always believed in innovation and that is the major reason why it has been so successful in the mobile phone segment. In recent years Apple is second only to Samsung in the Global Mobile Phone industry. However the operations have been largely based in the United States and in times of recession any organization needs to focus on economies of scale and thus focus on growth opportunities like Diversification and Market Development. This report will illustrate new market entry strategies for Apple for entering Australia.
Apple: Marketing Strategies
Marketing strategies are based on the 4 P’s or Product, Price, Promotion and Place or Distribution Channel. This section will briefly look into the Product and Pricing strategy of Apple and will illustrate various factors how it has been capable of sustaining competitive advantages in times of extreme competition.
The product constitutes of two major aspects which are tangible and intangible in nature. The tangible part is the product and the packaging and the intangible part constitutes of factors like installation services, warranties, credit etc. In case of Apple Products the tangible part or the product and the packaging are best in class. Apple is into deep market research and considers the varying taste of the consumer and designs and innovates the products accordingly. The IPhones or the IPODS are designed to be sleek and have functionalities that are best in class. The major target of the company has been to elevate the customer experience and thus it has ensured high customer satisfaction and brand loyalty (Aaker, 2010). It has been evidenced that Mac Users would never prefer to shift to any other brand and so is true for I Phone users. The intangible aspects like after sales support and warranties are also best in class for the products and thus the user experience has been always very high.
The product can be further categorised into three areas which are:
Core: In this category the benefits or the service of the product is analysed. The products that Apple offers are high on service quality. Apple invests heavily into Research and Development and thus the services are of high quality. For any product or service there is a product life cycle in which there is a decline phase. The following figure illustrates the product life cycle for any product (Baker, 2007)
With Apple the Growth has been substantial and it can be stated that the Products have reached a maturity stage and hence there is a chance of decline. This has also been evidenced to certain extent as Samsung has taken over as the market leader in...