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Porter's Industry Analysis
Finance & Accounting
Pages 3 (753 words)
Innovation is the Key In APA Format Substitutes Barriers to Entry Switching Costs Technology Number of Suppliers Cost Advantages Buyer Willingness Time and Cost of Entry Suppliers Competitive Rivalry Buyers Size of the Suppliers Exit Barriers Buying Volumes Ability to Substitute Switching Costs Price Elasticity Number of Suppliers Number of Competitors Incentives Summary of Analysis Apple has been a revolution, their products have been selling like hot cakes, “it was earlier reported that company is more stable than the US Government.” (Apple has More Money than the US Government) The products sold by apple are diverse in nature, there is a lot of competition in the hardware/software fiel
Creative, Samsung and Sony and a plethora of other companies manufacture small, portable music players which is an answer to apple ipod, since ipods are quite expensive people prefer buying other reliable music players which are way cheaper than the ipod. Barriers to Entry: Some of the most important points which should be considered under this section are as follows: Time and Cost of Entry Knowledge Economies of Scale Technology Other Barriers Fake Stores in China: “Recently it was found that there are several fake stores of apple in China, the fake apple products are bound to cost the company losses.” (Fake Apple Stores in China) Several big companies have lost a lot of money because of counterfeit products sold by the fake sellers. These fake stores will directly impact the credibility and the profits of the company, today there are fake stores in China, and tomorrow fake stores may open up in European countries. ...
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