Apple Pricing Strategy - question
Apple has been the symbol of luxury as a device maker for the past few decades. This public image has led to particular pricing on its products, but analysts are now claiming Apple may be taking the route of underpricing on latest products. Analyst Neil Cybart has talked about the underpricing strategy as a method of encouraging more individuals to explore their options with some of the Apple products. Cybart states this kind of strategy may have been unimaginable for the firm to carry out several years ago. The other example is the Apple Watch Series 1 models. Everything else within the range has been priced higher. Cybart states the attractive pricing on the Apple Watch was a major factor resulting in record sales of the devices in the past holiday quarter. Apple Pricing StrategyApple Pricing Strategy - theme interesting
Apple has produced some of the gadgets best loved by geeks and technophiles around the world—from the iPod, to the iPhone to the iPad, Apple has demonstrated great skill in developing products that geeks seem to be waiting for. Upon the release of these products, other technology companies follow suit and produce their versions of the products released by Apple. This growth was due to the hundreds of thousands of sales of iPods and millions of iTunes downloads by the end of Larson and Deans, Product Development: Innovation and Product Integration. The end result was high brand loyalty, bordering on cult following, among its users. For every product released by Apple, its followers expect a lot from the product and they willingly spend money for these new releases. Moreover, these followers also become the evangelists and marketers for the Apple products they buy. With the success of the iPod and the iPhone, together with iTunes, it is not an exaggeration to say that through these products, Apple successfully revolutionized the distribution of music all over the world! Now, consumers can download games, podcasts and software applications from iTunes. Effective Brand Management, Marketing and Distribution.Apple Pricing Strategy Video
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Underpricing as the way to go
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