Apple A Microeconomic Student s Perspective Essay

Apple in a Microeconomic Student’s Perspective Entering the market around April 1976, Apple Inc. has made a huge revolution on electronic devices. In 2008, Apple Inc. was the best branch globally following is Google Inc., and only last year, Apple has sold 110,000 per day which means 48 million phones a year in total. Starting by only 2 people Steve Jobs and Steve Wozniak, Apple Computer Inc., former name, was making $2 million in profits solely on the strength of the Apple II, by 1978. After 38 years, Apple has grown tremendously to become a giant company with multibillion in revenue a year. Apple’s market type is competitive, and it is a private enterprise. The company’s best known hardware products include Apple II, Macintosh Computer, the Ipod, the Iphone, the Ipad, IMac, MacBook, etc. Apply not only makes good products, but also has good strategy of marketing and sales. Studying Apple, microeconomic students can learn a lot of them by comparing our lessons t o their real life strategies. Apple has entered so many industries such as mobile phone and laptop industry market, software industry, and music industry. The approximate number of enterprises in mobile Phone and laptop industry are more than 150 company worldwide (Samsung, oppo, †¦) and US alone is 15 company (Amazon, Apple, ATT, BLU Products, Caterpillar, Google Pixel, etc.) In software industry, there is less competitive for Apple because there are less companies provide good quality software in the shareShow MoreRelatedMicroeconomics, Macroeconomics, And Macroeconomics1871 Words   |  8 PagesEconomics is made up of two smaller categories microeconomics, and macroeconomics. Microeconomics is more of a smaller scale such as an industry while macroeconomics is on a more national level. It is important to study economics even if you are not a business owner. For example, understanding economics and the market, you could better determine when to buy a house or when to start u p a business. In a YouTube video titled â€Å"AP Econ Music Video Microeconomics SPHA†, a group of teenagers worked on a musicRead MoreAnalysis Of Different Market Structures Of A Market Structure2335 Words   |  10 Pages Analysis of Different Market Structures Student s name Course name and number Instructor s name Date submitted Analysis of Different Market Structures 1. Introduction The small number of market structure consultancies across the globe shows that the market structure concept is itself considerably new. Clearly, various market structure components have been widely studied over the years: derivatives, exchange, trading, and clearing. Even then, there has been no holistic examination of theRead MoreKellogg Case Book36421 Words   |  146 PagesWholesaling Case – Case #1 of 10 .................................................................................. 48 GOTONet Case – Case #2 of 10............................................................................................... 59 Maine Apples Case – Case #3 of 10 ......................................................................................... 72 Orrington Office Supplies – Case #4 of 10............................................................................... 86 Syzygy SupercomputersRead MoreThe Main Characteristic Of Four Elemental Market Structures3098 Words   |  13 Pages Research Essay CQU Student Name – Moe Moe Khin Student ID - S0239625 Date – 09.01.2015 Abstract In this research essay, the key characteristic of four elemental market structures (i.e. monopoly, oligopoly, perfect competition or monopolistic competition) and their derivatives (i.e. differentiated oligopoly were identified and discussed. Meanwhile other doubts were addressed and being attended to. Such as: To how much extent does the government (in the general sense) has control over theRead MoreSupply and Demand and Key Question16305 Words   |  66 PagesMcConnell, Brue, Barbiero 11th Canadian edition Microeconomics ANSWERS TO END-OF-CHAPTER AND APPENDIX QUESTIONS Chapter 1 1-3 (Key Question) Cite three examples of recent decisions that you made in which you, at least implicitly, weighed marginal costs and marginal benefits. Student answers will vary, but may include the decision to come to class, to skip breakfast to get a few extra minutes of sleep, to attend college or university, or to make a purchase. Marginal benefits of attendingRead MoreFormulation of Marketing Strategies to Improve Market Share4652 Words   |  19 Pagesrequirements of the Degree of Master of Business Administration of Sikkim Manipal University, INDIA [pic] SIKKIM MANIPAL UNIVERSITY OF HELTH, MEDICAL AND TECHNOLOGICAL SCIENCES DISTANCE EDUCATION WING SYNDICATE HOUSE MANIPAL – 576104 Annexure B (Student declaration) I here by declare that the project report entitled |â€Å"Formulation of Marketing Strategies to Improve Market Share of LG Microwave Ovens† | submitted in partialRead MoreHow Motorola Mobility s Current Structure, Culture, And Core Competencies4864 Words   |  20 Pagesto analyze whether and how Motorola Mobility’s current structure, culture, and core competencies could be improved, with focus on the organization s current competitive advantage and the sustainability of that advantage. The strategic mission of Motorola Mobility (referenced hereby as Motorola) is to add value to the organization. One of Motorola s main issues as a company is customer satisfaction. A proposed strategy includes improving employee satisfaction. Employees are currently unsatisfiedRead MoreLauden Ch3 Mis6042 Words   |  25 PagesAACSB: Reflective thinking skills CASE: Content Objective: 3.2 5) The competitive forces model was created for today s digital firm. FALSE Diff: 1 Page Ref: 92 AACSB: Reflective thinking skills CASE: Content Objective: 3.2 1 Copyright 2010 Pearson Education, Inc. Publishing as Prentice Hall 6) Customers are one of the competitive forces that affect an organization s ability to compete. TRUE Diff: 1 Page Ref: 95 AACSB: Reflective thinking skills CASE: Content Objective: 3.2 7) A transparentRead MoreStrategic Management and Information Systems19841 Words   |  80 Pagesthat you will need to understand when you design, build, and operate information systems. Then it examines the problems firms face from competition and the various ways in which information systems can provide competitive advantage. Every business student and future manager should know about these strategic uses of information technology. †¢ If your career is in finance and accounting, you will be developing and managing strategic products and services that are largely based on information systems suchRead MoreImpacts of Information Technology on Individuals, Organizations and Societies21097 Words   |  85 PagesPlanning Information Technology Economics Acquiring IT Applications and Infrastructure Security Impacts of IT on Individuals, Organizations, and Society Impacts of IT on Individuals, Organizations, and Society Movie Piracy Learning Objectives 17.1 Perspectives on IT Impacts 17.2 IT Is Eliminating the Barriers of Time, After studying this chapter, you will be able to: Space, and Distance Understand the changes that take place in the workplace and the lives of individuals when information technology