Globalization has posed a major challenge to organizations to manage international business. Technological advancement has pervaded every field and marketing of high-technology products has become a specialized activity. The global economy is driven by technological innovation as the scope of high-technology applications is no longer limited to computers. The high-tech industries are characterized by a high degree of uncertainty as far as the markets, technology and competition which makes the traditional marketing tools unsuitable for these products. Apple Inc. features among the top 50 companies in Business Week in 2006. This is an Independent Research paper (IRP) with the objective of evaluating the marketing strategy and the key success factors (KSF) adopted by Apple Inc. when they were virtually on the verge of closure.
Literature review of the existing marketing theories and principles was carried out and the framework for the IRP determined. This IRP is totally based on secondary data collected through academic journals and reputed websites through reputed search engines. The study concludes that the marketing strategy of Apple is based on several factors. They focus on continuous product enhancement and they anticipate and incorporate the customer needs of which even the customers may not be aware of. Over the years they have build a brand image and today they enjoy high brand equity on which they thrive. ...Show more