the analysis of Apple Inc.for each product line: Product Category Stage of Product Life Cycle
Apple has been constantly growing in the industry and has been turned into a technological giant in last decade. Apple's strategy regarding diversification is intense and they have been grown from a variant company to an extremely large structure with the help of the specific diversification into the product range.
Apple started with an iPod which delivered extremely qualitative
music. This is specific product increase the company's overall
image in the society by maintaining a brand image of provision of
quality products. As the iPod gained publicity overall uses of the
current market capture Sony was reduced by a large margin and these
users were shifted to Apple as it provides better music
quality.
Later Apple introduced mac which the direct competition to Dell and
HP computers but it couldn't outrun hP and Dell from the race as
their overall position in the market was intense. As the Apple
meteoric trajectory begin in 2010 with adjustable price of $20 a
share when the first iPhone was launched. As the iPhone was
launched Apple was also successful to capture the market by
introducing this specific diversification strategy into their
system. Apple was successful to grow IT share price to $250.
Apple corrected itself by maintaining wide range of products to compete with the existing competitors in the market. My projecting IT cell are the most secure and technological you Orient IT company Apple built their own customer base with the maximum intensity. Huge revenues were gained from this specific diversified products diversification strategies increase their overall profits which later turned this company into a technological giant. IPhone have been very well known for providing quality as well as security which is unmatched to each and every competitor.
Shifting from iPad to iPad and then I phones and even dealing in
maths and Macbook is one of the main diversification strategy of
Apple to provide was strange of available products in a single
platform. By reducing the cross platform availability apple has
successfully created and cloud oriented data system which can be
interlinked between multiple devices which increases the overall
sales of the products as it requires and specific device for
interlinking between two platforms.
Apple TV is one of the newest products of Apple range and it is
also capturing the TV market as a part of the diversification
process of Apple.
Does a specific diversification in order from ranging to iPhone, Mac, iPad and iPods is Wesley applied in the company's structure. This diversification process created one of the best markets available for any technological company and provide data structure for the organisation to implement the newer Strategies and provide a better revenue from the same market.
Apple's diversification have a limited number of products in its product range. in terms of competing with the extremely wide range available in other competitive platforms. This would directly create a challenge of being competitive in the highly diversify Market by the other companies as well. Lacking cross functional capabilities other operating systems is also one of the main drawbacks of this apple diversification process. An apple has diversify its service base, to the Apple devices only which can be used in the specific Apple diversify devices.
Apple is very well known for its iPhones which are one of the main products offered by apple to stay in the market. IPhone was one of the first device is to have multi touch capabilities and it was very fascinating to the customers.
Marketing mix for the iPhone is as follows .
Product
IOS is proprietary operating system from Apple which is limited to Apple devices only and specifically build for iPhone. Does a specific operating system provides speed, security and reliability to iPhone. Fluency of the operating system as well as reliability and extreme application support make it one of the best available operating systems in the market which is only available on Apple iPhone and exclusive to the Apple customers. It is a very high quality operating system with smooth interface and fast processing speed.
Some applications are only available to Apple iPhone and their exclusive to the iPhone App Store. These applications provide an edge over the competitors as they are highly sophisticated and provide extremely usable interface. Also the pricing system is totally different in Apple app store which supports the developers and it cannot be hacked.
Promote
Apple never compares its products to other companies products but it compares it products to the previous development of the changes done in the previous iPhone. Does a specific terms increases the level of ethics in terms of advertising for the Apple iPhone.
Apple is very well known to provide superb after sale service and to provide extremely wide service network. Apple has its service centres across the globe in each and every country and provides an extremely wide international warranty as well. The target of the Apple is premium customers hence mostly found in A grade cities only.
Apple promotion includes launch events and full page newspaper ads while providing commercial on the television and investing largely on different advertisements across the globe. Above the line marketing strategy is choosing to market iPhone and other products of Apple which is very beneficial for creating loyal customers for apple and while reading the news about the new iPhone.
Most of the times BTL marketing is also done why are providing different exchange offers as well as holdings and home advertisement solutions.
Pricing
Apple's pricing strategy has always been for upper middle class. By setting the price is higher in the market and providing I phones which are usually price that higher price tag than all the phones available in the market is Apple's main strategy to maintain a price point for iPhones.
Apple does not provide any kind of discount on its products the discounts are given after sale or by the store only but the Apple itself does not provide any kind of discounts on its products to maintain a correct pricing across the globe.
Place
Most of the apples I store are located inside the malls which is usually a place for the premium customers to shop. They also have their other product line up inside the Rise tools but the main focus is usually on the iPhones as it is the one of the most selling devices for the Apple.
It is very well known for tying up with different telecom companies. While having tie up with the different corporate sector companies as well as the Telecom companies are providing services to the customers is one of the core Strategies for Apple to stay competitive in the market. By endorsing most of the CEOs who are using Apple iPhone is one of the best example of Apples tie up strategy.
All in all we can say that iPhone as a very strong market mix and this market mix has created a strong presence of iPhone in the market which is going to be carried for the buy iPhone in the market to maintain competitive as well as advantageous.
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