Camera Phone Technology in the Market - Essay Example

Download file to see previous pages The said type of technology had been introduced in 2002 with a continued rapid growth through the years.  Due to the demand in the market associated to the production of the said line of products, the producers and manufacturers of the different forms and specifications of the camera phone are in the continuous quest to achieve unique and recognizable features that can catch the attention of the consumers (Maney, 2007).  The said type of technology had been introduced in 2002 with a continued rapid growth through the years.  Due to the demand in the market associated to the production of the said line of products, the producers and manufacturers of the different forms and specifications of the camera phone are in the continuous quest to achieve unique and recognizable features that can catch the attention of the consumers (Maney, 2007).  
Statement of the Problem Based on the preliminary view regarding the increasing demand on the different variations and specifications of camera phones, the study undertaken is aimed to present the needs and the strength of introducing a new version of camera phone on the market.   In the exploration of the performance of the camera phone in the market, there are different issues that are needed to be taken into consideration.  Included in the said issues are the factors that are related to the legal, economic, governmental, ethical, ecological and socio-cultural aspects.  The determination of the said issues can be considered essential in the determination of the possible behavior of the product in the market. Current Situation The introduction of a particular product can be affected by different issues in the macroenvironment and in the manufacturing or production aspects.  The said factors can be considered fundamental in the success or failure of the product in the market. Economic Aspect In the introduction of a new camera phone, one of the main priorities is the affordability of the product.  Due to the present state of the economy in the international community, the said factor is often considered more important than other features.  The said preference of the consumers can be attributed to different reasons.  One of the said reasons is related to the fact that once a consumer purchased a camera phone, the applicability and benefits related to mobile communication and visual capture can be achieved at a price of one.   ...Download file to see next pagesRead More