Business Study Skills Report Name: Pranav Jain Title: Is Apple IPhone really worth buying? Tutor Name: Tony Ukuwanna Final Submission: 17th November 2013 Table of Contents 1 2. Procedure 3 4. Challenges facing the IPhone 4 4.1 Radical and Regular Upgrades 4 4.2 Incompatibility with third party applications 4 4.3 Competition from Samsung 5 5…
2. Procedure In order to gather information for this report the method used was the review of books from academic libraries, online journals, newspaper articles and reviews given on IPhone and competing mobile devices. This is the most appropriate method bearing in mind the smart phone industry is very dynamic and the internet is the only reliable source of up to date information. Moreover, there being little time to carry out a primary research and the high expenses associated with it, literature review was the most appropriate secondary research method. 3. Introduction on IPhone Inc In 2007, Apple, under the leadership of Steve jobs introduced the IPhone which turned out to be one of the most revolutionary mobile gadgets of the century, over the course of the next two years; the IPhone 3G was also launched into the smartphone market (Richie, 2013). The devices offered better technology at significantly reduced prices and effectively took command of the huge portion of the smart phone market beginning the smart phone revolution that persist to-date. The smart phone evolution was taken up a level higher by the subsequent introduction of the IPhone 4 and 5 and Apple currently ranks as the second biggest producer and market of smartphones globally. The initial smart phone cost $499 and although the debut price was considerably high, it was not the priciest phone on the market and it cost substantially less than some of the older but less developed mobile device on the market. However, this price proved too high to penetrate the mainstream market and as a result, the phones were mostly limited to an upper and middle class corporate and personal clientele. The second IPhone flagship model was the IPhone 4 series that offered significant improvements from the earlier 3G, and through it Apple introduced optical lamination, an interplane switching effectively scaled over the matching display sizes offered by the completion (Richie, 2013). Despite the challenges the device faced in the marketing as well as some technical difficulties, it was stated as the best smart phone ever by many. The latest model of IPhone, IPhone 5 was introduced in 2012 September (William 2013), and it was bigger smarter, lighter faster and the firm had used the experience from the glitches in previous IPhones to make the new one as flawless as possible. Customers received it enthusiastically and although its sales did not match rival Samsung galaxy III, they still performed considerably well on selling their phone (Gruman 2012). 4. Challenges facing the IPhone 4.1 Radical and Regular Upgrades Apple releases a new IPhone every year but despite that, many customers do not upgrade, but a significant number of customers have retained their IPhone 4 models owing to economic or speculative reasons (Swift 2010). Therefore, this problem is likely to keep affecting many of the firm’s clients and when they decide to make a shift, they may opt to buy a phone from a different firm such as Samsung or Microsoft. Apple customers often have to struggle to catch up with the firm’s rapid and on occasion drastic hardware upgrades (Associated Press 2013). Apples upgrades vary form one model to the other; however sometimes, the changes can be very subtle such that the newer is only slightly different or ...
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