Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Iphone Demand and Supply - Research Paper Example

Comments (1) Cite this document
Economics: iPhone – Demand and Supply Name Economics: iPhone – Demand and Supply Since the inception of the realisation that man has needs and wants which need to be fulfilled as per his capacity to do the same, economic problems arose in the world. The world has shifted into a very industrialized and globalised form over the years and this has paved the way for a complex situation which includes the concepts of demand and supply…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.9% of users find it useful
Iphone Demand and Supply
Read TextPreview

Extract of sample "Iphone Demand and Supply"

Download file to see previous pages The entire process includes a transaction and involves the exchange of goods and services for money. This paper helps to discuss and provide an insight into how demand and supply has changed the world in the present modern era with the help of electronics, in specific, the iPhone. This phone has become a phenomenon in the world today, however a news article talks about how the demand outstrips the supply in China for this particular commodity and how that has affected the people at a micro economic level in the country. China Unicom Ltd. Said that it was not being able to meet the demand for iPhones in China with an equal level of supply because of the excess in quantity that has been demanded by the people there. The iPhone is no longer a good that falls under the category of luxury goods because this very fact that its demand is growing day by day, shows that the people are easily able to afford the same and want to purchase it at the price that it has launched at. According to the company, an estimated 200,000 iPhones were pre ordered the very day that the phone went on sale in the country (from the USA) and another 400,000 were sold on that day. The company was able to attract so many buyers because of the popularity that the phone had gained over the Chinese market because of the sale of its previous model, which had further excited a wider consumer base. Even though the phones are more expensive, they offer better features as well as data services which have attracted such a wide consumer base. In economic terms, it is clear and evident that this particular phone has appealed a great deal to at least half of the Chinese market because more and more people have bought it at the price at which it was launched. The iPad was also released in China and went on sale at a fast pace as well. However, the crux of the matter remained that the iPhone’s demand exceeded the supply that the company was able to give to the people. This goes to show that there was an extension of demand in the particular commodity at the same or even higher price. Since the iPhone 4 was costlier than the previous version, an extension (and not just an increase) in demand can be noticed here in economic terms which means that there is movement along the demand curve where the sale and purchase of iPhones in China are concerned. As per the article, “As of the second quarter, Apple was the fifth-largest smart phone vendor in China with 7.1% of shipments, according to Beijing research firm Analysys International. Nokia Corp. had the largest share with 26.7%.” this very statement helps in understanding the kind of consumer base that Apple has created for itself in China; and that even in deep cut throat competition, the company has been able to sustain its position in the Chinese market, which can be seen when the demand for the phones exceeded the supply level. In a nutshell, the concepts of supply and demand can be viewed with the help of understanding the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Iphone Demand and Supply Research Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from
(Iphone Demand and Supply Research Paper Example | Topics and Well Written Essays - 750 Words)
“Iphone Demand and Supply Research Paper Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 2 times
Comments (1)
Click to create a comment or rate a document
brycennitzsche added comment 1 year ago
Student rated this paper as
Helpful paper! Used it to finish an assignment for a macro & microeconomics course. It was easy as ABC, for the first time in my life.

CHECK THESE SAMPLES OF Iphone Demand and Supply

Strategic Opportunities for E-commerce Enabled Supply Chains

Scaling the e-business in IT infrastructure is important because it reduces the cost and expenses to interact with the customers and suppliers. It also helps in maintaining and in management of the e-business. 

“As your environment begins to evolve, it is important to recognize the value of horizontally scaling your platforms and applications to support increased loads and service requirements. As the concurrency and complexity of your systems grow, the greater the need becomes to support policy-based routing, application and data caches, as well as load balancing hardware and software.” (Whitepaper; August 2001)

From very starting there was a need for those applications that can be used to c...
9 Pages(2250 words)Report

American Airlines: Supply Chain Nightmare

For this reason, it is necessary that all business sectors are carefully reviewed – as often as possible – for the appropriateness of their structure and their daily needs; managers may fail to evaluate with accuracy their firm’s needs, a fact that can cause the failure of plans applied on the relevant organization (Hardless, 2005). On the other hand, the needs of various organizational departments are different; the methods used for the improvement of a firm’s activities should be flexible taking into consideration the characteristics of the specific organizational sector, its strengths/ weaknesses but also its role in the development of the firm’s activities. Boeing is a firm with a long presence in...
15 Pages(3750 words)Case Study

Relationship between Money Supply and Inflation in Saudi Arabia

Over the recent past, the effects of money supply, debt and inflation have become contentious issues for debate. Furthermore, frequent cautions concerning the risk of very large budgetary deficits aver that this would send up the upcoming state debt and capital rate as indicated by the rates (interests). As a nation, Saudi Arabia has a bi and enduring budgetary deficit over the past two decades and the government has been forced to go into the market so as to have loan access and to make up for the deficits. Given the impact of this on inflation and other economic variables, it's imperative and of great alarm for strategy architects (strategists) to understand how microeconomics has an effect on money supply, financial plan defici...
10 Pages(2500 words)Speech or Presentation

Impact of Forecasting Demand in Food and Beverage Service Organisation

Purchasing, storage, and production scheduling are some of the basic things needed to be adjusted periodically based on the demand in the market. It is not wise to purchase too many materials at a time when the demand was less. The to and fro movement of the material is essential for the smooth functioning of the storage area. Goods purchased and stored in the store must be despatched to the production area periodically before the expiry date to ensure that the organization might not suffer. But if the demand was poor, it is not possible to ensure the despatch of goods to the production unit which will result in wastage of materials. Generally, Purchasing, Storage and Production are the three areas in any manufacturing unit which...
6 Pages(1500 words)Research Paper

Supply Chain Management: Conceptual Supply Network

A supply chain is a basic element of the growth of the manufacturing period. So far both could not work without it. A recent development in this era of new business strategies that must minimize risk in business by using friendly environment machinery, social acknowledgment as the requirement of the Government to the smooth and sequential running of a business operation. (Amlan M., Helen M., 2010). The supply chain could improve the cash transaction, manufacturing cost of materials, and communication flaws by planning of the company’s coordination to correlate finance, the society that helps to end-user and stakeholders. (Craig C., Dale R., Nov 2007) ( Seuring & Müller, 2008) (Lutz P., 2009).

Supply chai...
8 Pages(2000 words)Term Paper

The Importance of Information Systems on the Apple iPhone

... theme of consumer demand is driven by the growing need for information systems for the changing market for the smartphone and other handheld devises (Benson and Tribe 2008, p8). The market is in need of solutions that can assist to manage various end user needs as the world continually embraces the information age. The iPhone packaging is particularly keen to rise the occasion in offering unique solutions to the market needs with respect to information systems that offer a wide range of computing platforms. This precisely represents Apple’s approach to remain competitive in the market through continued information systems solutions such as those packaged on the iPhone. In this discourse, a visitation of the competitive advantage tenets...
11 Pages(2750 words)Case Study

Analyze iPhone in the Context of Broader Corporate Design

.... The iPhone 2G which stands for second generation iPhone, had a better camera, more memory, faster operating system and more games and applications as compared to the last one. With the iPhone 3G, new features introduced included a faster processor as times demanded, a better operating system, greater internal memory, a better camera and better and increased battery life. The cycle of constant innovation continued as Apple Inc. continued to enhance its iPhone in line with its corporate design. The iPhone 4S brought in commendable innovation in the world of smart phones. This iPhone had better resolution, a better processor, greater memory, longer battery life. But more importantly, it introduced ‘face-time’ which was a video calling...
7 Pages(1750 words)Article

Logistics and Supply Chain Strategy

Sustainability increases the mode of rail and sea freight and intermodal transport. The demand characteristics in some cases influence the choice of transport mode and even the need for safety stocks. The appropriate logistic strategy is essential for any organization as the manufacturing lead time is affected by the product characteristics and design. Globalization is a factor that causes longer lead times as a result of longer distances (Chan and Lee, 2005, p.78). The basis for any logistic strategy is the product. The product pricing is affected by the choice of transport mode. The production flow is smoothened with good demand predictability. Demand predictability is improved with the help of information technology through gre...
6 Pages(1500 words)Assignment

Designing for IPhone 6

...-tasking nature of the device attract individuals who feel that they have relieved themselves from a load of stress and baggage caused by using other devices which does not meet their every demand thus forcing them to go to other avenues to meet demands which are not met (Frederick, Gail & Rajesh 57). Works Cited Anthony, Sebastian. "IPhone 6 Hardware Specs and Design: The Final Leaks and Rumors Rounded up (updated) | ExtremeTech." ExtremeTech.Web. 1 Dec. 2014. iphone-6-design-and-hardware- rumors-we-sift-through-the-chaff-so-you-dont-have-to>. "IPhone 6 Design | Concept Phones."Concept Phones RSS. Web. 1 Dec. 2014. iphone-6-design/>. "Designing for IPhone 6...
7 Pages(1750 words)Assignment

Purchasing and Supply

In numerous industrial sectors, the trend has been moving away from adversarial or arms-length supplier relationships to relational or obligational contracting forms of relationship, such as outsourcing. Boeing is one company that has embraced this trend as evidenced by the production of its 787 Dreamliner aircraft. As a way of reducing their aircraft timeline to 4 years from 6 years, Boeing began to outsource parts and to sub-contract other companies internationally. However, as stated by Brandes et al (1997), outsourcing tends to have the most success if it is based on strategic decisions including cost efficiency and core competency considerations, instead of being solely prompted by financial troubles. 
Whereas Boein...
6 Pages(1500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Iphone Demand and Supply for FREE!

Contact Us