Sunday, April 5, 2020
Apple Store Marketing Opportunities
The history of Apple Store Previously known as Apple Computer Inc, Apple store is a global company that produces computers, software, and consumer electronics. The major product line for Apple store entails personal computers, iPhone, and iPod music store.Advertising We will write a custom essay sample on Apple Store Marketing Opportunities specifically for you for only $16.05 $11/page Learn More The company was established in 1976 by two electronic engineers namely Wozniak and Jobs who released the first computer dubbed as Apple 1. Since then, Apple store has dominated personal computer market via its innovative products such as the Power Mac and Macintosh but encountered marketing problems in 1990s. The company became the new market leader in consumer electronics with the latest success ranging from products such as iPod Touch, iTunes, iPhone, and iPad (Apple Inc., 2011). Currently, Apple store is a global leader in technology with revenue totaling to $60 billion. In the fiscal 2010, it overtook Microsoft in terms of market capitalization (Apple Inc., 2011). Markets for Apple Store operates Apple store sells its products in various markets across the world. For example, through retail outlets such as online store, the company sells numerous products to consumers and other business enterprises. Furthermore, Apple has invested in programs that promote reseller sales including ASCP which focuses on certain reseller locations and APRP which provides expertise in products and customer service (USSEC, 2009). Apple store equally sells computer products to government agencies, and creative markets within its geographical location. The markets are deemed crucial to third party computer applications and hardware developers. The superior expansion and computing performance of Apples products materialize to be the major consumersÃ¢â¬â¢ attraction within the market. Moreover, Apple offers computer products to customers within scientific mar ket as well as in the information technology markets. Competitors The major product line for Apple is the PCs market. This company however faces numerous competitions from the U.S. based companies alongside other foreign corporations. In the U.S., competitions emerge from Hewlett-Packard (HP), Dell Computers, and Compaq Corporation.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Foreign market rivalry materializes from Sony, Toshiba, and new entrants such as Acer Computers. These corporations seem to have captured significant market shares. Some of these competitors sell their PCs made from other operating systems, cut down their prices and lower product margins in order to gain competitive advantage. Thus, the major competitive factors are price, product quality, features, reliability, innovation, design, distribution capabilities, availability, and company reputation. Government Regulato ry Roles Despite minimal regulation on personal computers marketing, there are specific laws that have always affected market competition for Apple store. The copyright law for example limits the extent to which the company can borrow technology while it also allows other companies to use AppleÃ¢â¬â¢s technology to certain level (USITC, 1995). In 1989, Xerox charged Apple for the unlawful utilization its technology which the latter company used in making Mac software. In 1992, Apple accused HP and Microsoft for copyright infringement but the court ruled in favor of the accused. Opportunities and Issues facing Apple Store Like other companies, Apple increasingly faces issues appertaining to environmental pollution. Electronic wastes are regarded as major contributors to environmental degradation and any policy addressing such an issue affects Apple store operations (Suraj, n.d). Furthermore, as Apple continues to expand globally, the universal shortage of expertise and skilled labo r continues to affect its competitive edge. Nevertheless, Apple has the opportunity to exploit emerging markets such as Brazil and India besides utilizing cheap labor available in these economies. In conclusion, Apple store has grown to be a market leader in computer and electronic industry based on its humble background. Since Apple has immense market globally, it has outdone stiff competition in the industry but the company must consider government regulations and issues that might affect its future. Apple store needs to exploit marketing opportunities created by emerging economies to remain competitive. References Apple Inc., (2011). The new, faster MacBook Air. Web.Advertising We will write a custom essay sample on Apple Store Marketing Opportunities specifically for you for only $16.05 $11/page Learn More Suraj, S.Ã E-waste and environmental degradation. Web. United States Securities Exchange Commission, (2009). Form 10-K: Apple Inc. Web. US Inte rnational Trade Commission, (1995). Global competitiveness of the US computer software and service industries. Web. This essay on Apple Store Marketing Opportunities was written and submitted by user Brenda English to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.