Saturday, September 22, 2018

Economics Concept to Apple Inc.

Apple Inc have many of economics concept to their growth. Some concepts are -

Inelastic:-

Apple is inelastic compare to other platform. For example, when price of iphone increase the demand of iphone is not too much effected.

Economies of Scale:-

Iphone , ipad share same components. so they can buy processor & display at lower price at bulk to make profit.
Large amount of products being produce so R&D is essentially free.

Law of Demand:-

When new iphone lunched Apple reduce the price of old iphone and people start buying old model,because of brand value.

Oligopoly:-

Apple is oligopoly in smartphone operating system and smartphone because it is restricted the entry.

Monopolistic Competition:-

\Apple is Monopolistic Competition for iMac and Macbook, because many sallers are producing highly differential products.

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