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Apple - Research Paper Example

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Apple

The company was previously known as Apple Computers for 30 years and in 2007, it was renamed as Apple Inc. to reflect the intended expansion of Apple in the field of entertainment technology. Apple’s Innovation In a periodical it was stated about Apple, ‘…this is truly one of the most innovative companies on earth, one that has defied the odds and overcome amazing adversity.’ (DeMarzo) Apple has always provided its customers with unique products which are ahead of time because its engineers are product-oriented. They create even before the consumer realizes that he needs it. In this period of global recession when companies are laying off their employees and cutting back on its research, Apple is successfully moving forward through ‘...investing, inventing and innovating. In an interview Steve Jobs once pointed out, “Some very good product people invent some very good products, and the company achieves a monopoly. But after that, the product people aren't the ones that drive the company forward anymore. It's the marketing guys or the ones who expand the business…” He explains that engineers of the company initiate an upward move by creating products but it’s the responsibility of the marketing personnel to keep the show running. It’s not just innovation and product development that defines the success of a product but it is important to understand how it is delivered to the customer. Very often, new inventions are not acceptable to the customers because they are not accustomed to the new product. Apple doesn’t advertise to reach out to its first customers but use it to help their first customers reach out to the rest. Apple’s marketing is so consumer-oriented that people buy their products even before seeing it. This happens when people market products for the consumers. An example of this is 250000 iPhone sales on the first day prove the success of their marketing strategy. Apple is, without doubt, the most successful consumer electronics company but it focuses primarily on business-to-consumer market. In my opinion, Apple should partner with other companies and also focus on business-to-business market. Partnering with other companies would enable Apple to grow its business through joint initiatives. For example, recently Nokia has partnered with Microsoft which enables it to become a massive force in the Smartphone industry, the advantages are numerous, both companies can exploit each other’s best resources and get ahead of the competitors. If apple caters to business to business market, it would be a new horizon for the company to grow. There is a lot of potential in Business to business market as the firms are becoming more aware of creating and maintaining competitive edge through being agile towards new technology. These strategies will not only boost its profits but will also help them create more innovative products like they did when they partnered with Intel and HP. I believe that Apple has become a market leader of business-to-consumer market and now, it should also work towards becoming the market leader of business-to-business market. Industry Analysis: Above 100 million iPods have been sold already since 2006. On the contrary statistics show that game consoles sold in 2006 stood at 26 million, digital cameras at 94 million, mp3 players at 135 million with iPods commanding an 80% market share and PCS sold at 209 million. Mobile phones sold at 957 million. ...Show more

Summary

Apple Apple Inc., formerly known as Apple Computers, manufactures world’s most innovative consumer electronics, computer hardware and software and commercial servers. Apple is recognized in the electronics industry for its innovative appealing designs and unique marketing campaigns…
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