I didn’t have to try too hard to find a subject for my project. We live in a society that runs on technology. Everyone wants the next big thing. Celebrities help push these things and make them the must-haves. I do not remember people spending so much money on designer hand bags, designer make-up, and the newest technology. I have seen people get ridiculed for having an outdated phone or a phone that is not an iPhone or Samsung Galaxy. You are not worth their time if you do have these brands to represent you. I took a look at Samsung and noticed there was much to be uncovered. They are falling behind Apple fast. How can this be? What effects does supply and demand have over a product? I will look at the cellphone business in specific. I will note the pros and cons for the Samsung smartphone. I will identify the cost of the product. What were the shortcomings of the Galaxy’s launch? How will they turn things around?
I myself am a big fan of Samsung electronics. Once you see the name it has brand recognition. I think of reliability and comfort. I know their product is not going to break down. While shopping for a washer and dryer for my new home, I immediately wanted to purchase the brand. While almost clicking “check-out” online I was stopped by my sister-in-law and she said that her washer and dryer repair guy said there was a reason why there were so may returns on their product. Here I was going for the brand again. There are so many comparable products out there and
The product that I choose for my commodity chain project was the Apple IPhone that has been one of the most popular cell phone devices since its initial release in June of 2007. The idea around me picking the iPhone revolved around the fact that I have owned every generation Apple IPhone since the first generation IPhone release and am very familiar with its technology and background. In the initial part of this paper, I will discuss the rudimentary junctures in the iPhones commodity chain such as manufacturing and retail sale. In the latter half of my paper, I will then specifically investigate into the people who physically produce the iPhone and their living conditions, ways of life, and overall character. It is important to understand that even though Apple is a very profitable company that sells successful, unique products, they still use a contract manufacture known as Foxconn that is known for their harsh work environments and poor labor treatment.
When we analyze the technological environment, we look at what could create a new market or develop new products. In order to turn new advances in technology into competitive advantages and opportunities, companies such as Apple need to be aware of the changes happening in the market. Technology affects consumers’ life style, consumption and spending patterns, as well as the economy. Also, advances in the technological sector can sometimes create new industries or destroy existing ones. Additionally, technological changes affect the 4P’s of an organization. Due to the previously mentioned reasons, we think the constant development in technology is a key driving force in the Smartphone industry.
“In homes, in social settings, and at workplaces, where people once interacted with each other and engaged in actual conversation, silence has now taken over as everyone’s attention is dominated by their email, their text messages, and their social media.” Nowadays, many cannot imagine life without a cellphone. Yet, as much has cellphones have plenty of pros, they also come with a whole lot of cons. In what ways are cellphones changing the way we live today?
Tommy Jones begged, pleaded, and hoped beyond hope for that new touch screen phone that would immediately move him up the social ranks at his school. His wish was granted on Christmas morning. He was rewarded with that sleek, black phone with 4G capabilities. Two months later the next phone in that series is out; it is almost an exact clone of the first model with the most moderate changes, and suddenly Tommy’s phone is obsolete. There was no great improvement when compared to the old model, no; the corporation knows that it will sell, no matter how small the improvement. This model of constant obsolescence has become the norm in the economy today; companies reap profits with mediocre products, completely uncaring of the consumers. To put
5. Technology: In today’s world technology changes rapidly. By buying a product a customer is stuck with that product or need to sell that product at depreciated price to get latest product.
Are you a teenager? If so, then that must mean that you possess a phone, possibly a smart phone. Within this generation, the top smartphone manufactures are Apple and
Before we introduce the cellphones service provider, let’s start off with a few facts and recommendations:
All Sabrina wanted to do was to live and she will do whatever it takes to survive. Although… That was the hope of every other teenager in this place of extremely hideous beauty.
B. Industry Dynamics: RLK Media is known for producing high-quality, American made products in the consumer electronics industry. This industry highly competitive due to the need of constant innovation. Consumers value new, cutting edge products which inevitably promote sales in the industry. However, innovation is also associated with increased competition, leading to decreased prices, decreased product life cycles, and increased risk from extensive R&D. Not only do companies need to continually investing to create the next “big hit”, they also are battling to be first to the market as many work on similar technologies. In order to reduce these high costs,
The Apple Company has mostly dominated the cell phone industry since their first iPhone in 2007. Since then, many more iPhones have been created and widely sold throughout the world, including many new features and looks. Recently, the new iPhone X has dropped, creating a new standard for phones everywhere and giving cellphone users a tough decision to make. Many debates whether the new phone is overpriced for its value, however, the iPhone X was priced accordingly because it is better than previous iPhones and other competitors. Ultimately, the iPhone X is worth its unique price of $999 because of its superior design and usefulness to the consumer.
Cell phones have come a long way since April 3, 1973 when the first phone was invented. The first call in history was made that day by Motorola employee Martin Cooper, as he stood next to a 900 MHz base station in New York City and phoned to the headquarters of Bell Labs in New Jersey (The Cellphone Turns 40: Remembering Martin Cooper’s Historic Call). Since that day, cell phones have evolved to become what is now a all-in-one master piece. A current cell phone removes the need for various gadgets and replaces it with the click of just one button. Cell phones were first created to be strong, durable and not for long distance calling. Now, ordinary cellphones have evolved to the point where they are called smart phones. Although this incredible invention has changed our lives, it remains in debate of whether it was for the good or bad.
Discuss how the availability of substitutes affects elasticity of demand for Apple products such as the iPhone.
In today’s society the cell phone market is a huge competitive industry for cell phone companies. There have been studies that show that half the world has cell phone accounts. One attribute that defines the cell phone market is the idea of consumers is giving up their land line phones. This has caused a large influx of customers into the market for cell phones. As technology continues to advance, a variety of cell phones are developed and marketed to different areas across the nation. Cell phones are available for business and
Apple’s I-Phone is a creative product that has a constant product life cycle. Each new phone that Apple produces goes through the same process. The simple lifecycle of which I will discuss a small scope of within this essay relating to social factors is, introduction, growth and maturity and then decline. Social Factors that revolve around the life cycle of the I-Phone are those such as trends, social media, social reputation and the competition around you. As the I-Phone is a technological advancement in itself technology will be a main focus through the entire argument. The social factors that tie in to the lifecycle of the I-Phone relate or tie in to the technological advancements of the product. I will discuss how the product is received and mass-produced to the point where there is no longer a market and the lifecycle ends.
The development of Smartphones plays a vital role in society, particularly for educational purposes. The advanced features of a smartphone such as social media applications have become a powerful instrument in academic life (Vazquez Cano, 2014). Without the help of smartphone applications, education would be challenging to manage (Odom, 2016). Furthermore, smartphone companies such as Apple, Google, and Microsoft provide a source of learning and useful teaching techniques in school (Odom, 2016). Smartphones should advance without a limit because the ultimate benefits of the smartphone are significant for educational purposes. The benefits of a smartphone are that it can help motivate students to learn efficiently, support alternative teaching environments, and provide assessment opportunities to the students.