An Introduction to New Technology

Following the emergence of e-readers, new entrants offered variations similar to the Kindle Fire (Exhibit 1). Apple’s iPad was a major success and dominated the tablet market for its multipurpose and feature rich device. Both Amazon and Apple had

On April 1, 1976, one of the greatest American companies was created: Apple Incorporated. From that point on, tablets were never the same. Apple has paved the way for tablet devices in the field of technology. Apple is mostly known for their Macintosh computers, which were first unveiled on January 4, 1984, but on April 3, 2010 Apple outdid themselves once again with the the invention of the iPad. The iPad is an all-in-one tablet-like device. With the iPad learning is able to “go way beyond the classroom” (www.apple.com). With the invention of the iPad, it has changed the way people learn, especially in the field of education.

This paper will give a short history and descriptions of Apple’s I Pad minicomputer. It will also give factors that affect demand, supply, and equilibrium prices in the market. Issues that Apple faces that affect its competitiveness will also be addressed. Lastly, this paper will identify the long term profitability of the iPad including, price elasticity of demand, technological innovation, and cost structure.

The bitten apple on the backs of devices seen almost everywhere had its start roughly 40 years ago. Apple Computer, Inc. was formed by Steve Wozniak and Steve Jobs on the first of April in 1976. That day changed America’s dependence on technology forever. The popularity of personal computers and mobile devices has undoubtedly increased year by year. Social interaction has changed completely within American society with the introduction of networking and other methods of electronic communication. The wide range of information made available through the internet and accessible devices built a ‘library’ of material for anyone to use. The age of the internet has changed American lives, for better or for worse.

Since the beginning of the Industrial Revolution in the 1860’s, people have rapidly improved people’s lives with technology. The first generations of computers started the base of computers and their system. These generations were influenced by inventers like Bill Gates, Steve Jobs, and Steve Wozniok facilitated the computers, tablets, and smart phone we use today. With tablets and smart phone being so accessible it is no surprise that computers are not as popular as they used to. Many people would prefer to have an item that can fit in their back pocket or bag, instead of having to carry a big, space consuming item. They would rather have a hand held tablet and can fit almost any where somebody needs it to. Everywhere there is technology;

In the last decade Apple Inc. has yielded exponential growth. As a company, the imaginative and invocative approaches of technological product advancements have enable Apple, Inc. to achieve an elite status among technology companies throughout the world. Apple, Inc. serves as an inspiration to many companies through higher benchmark standards they created. Though their product margin is not as vast as most technological competitors, Apple, Inc. innovates and releases a new product to consumers. Apple, Inc. has proven to able to move and create new markets with one product that allows Apple, Inc. to rain as the elite player in technology.

Apple Inc. has been dedicated to innovation ever since the company was first formed. Apple's recent breakthroughs were a result of a new technologies convergence upon the "digital hub" strategy (Mortensen, 2010). This strategy has served Apple well; especially during the last few years. The iPad, iPod, and iPhone were all born from this strategy. Furthermore, producing these innovative, user friendly, and design oriented products has earned them a considerable amount of customer loyalty.

Today’s technology improves so fast. As technology improves, more and more electronics will be designed and produced. There was once a day when people did not have many different electronic devices available to them. We did not have laptops, much less an iPad. Now, everyone has their smart phones, and tablet PCs. Apple is going to releases the Iphone 5 this

Tablets: Those with touch-screen innovation become so noteworthy that companies begin to compete for the dominance of this new field.

Apple’s iPhone and iPad has gained a large share of the smart phone and computer tablet market.   Mitchell (2011) noted that competitors have released their own versions, and almost overnight, a new technological commodity has become a competing force in the business world. Apple has introduced many innovative features and has redefined the mobile-device and computer tablet landscape forcing the competition to evolve and play catch-up in many cases (DesRosiers, 2010).

Nowadays, Apple has positioned itself to be an innovator in the personal computer industry and Apple has developed by offering modern products compared to its competitors. According to Apple’s mission statement last year, “Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App store, and is defining the future of mobile media and computing devices with iPad.” (Business Management,

Apple Incorporated, formerly known as Apple Computers Incorporated, and more commonly known just as Apple, has lead the way in technology and innovation for consumer electronics with their slender storage capacities, vibrant displays, and incredible touch screen products. When they first started, their focus was more on personal computers for customers, but as the company has aged, so has their focus expanded towards this idea of consumer electronics as a whole. Seeing as they now offer popular devices including, but not limited to, computers (Mac Book), home theater (Apple TV), phones (iPhone), tablets (iPad), and media (iPod), it can clearly be

Apple has always been something of a trendsetter in the tech space. Its product history since Steve Jobs’s return in 1997 gives us a solid list of examples to choose from, from its very first iPod, to Apple’s PowerBook (and later MacBook) lines, to the iPhone and the iPad. Apple’s history is dominated by products that existed before Apple had a crack at them - but it was Apple who simplified them, made them appealing on a much wider scale, and ultimately made them objects of desire for the masses.

Technologies are getting more and more advanced day by day, as if we would never know what technologies will become by the next day morning, it grow fast and it keeps on changing. We could not deny that today’s technology changes our world and our way of living, most of the new devices that are invented are replacing the old ones, just as those phones with a physical keypad design are replaced with our new touch screen smart phone today, these changes occur rapidly. In this technology leading world, have you ever wondered, what are the next incredible devices will be invent? In this research report, I am going to introduce you, a brand new technology that were recently invented by Google, a device which is yet

By doing this, Apple could predict demand and delivering products on time, which is crucial in the technology industry where new products could cannibalize existing offerings. (O’Brien) In 2004 for several months served as CEO of Apple, while Jobs battled with health issues, and in 2007 Jobs promoted Cook to COO and in 2011, Jobs pushed for Cook to become his successor. (O’Brien)