Apple Company - Research Paper Example

(Philip Kotler et al. 4). Apple has continued to provide high quality goods and it keeps attracting more people especially the younger generation. Historical background: Apple computers Inc. was started by Steve Jobs, Steve Wozniak, and Ronald Wayne. The Apple 1 computer kit was its first product which was designed and built by Steve Wozniak. In the years between1983 and 1996, Apple manufactured products like portable CD players and TV appliances but they were not able to capture the interest of the targeted consumers.

In the 1990`s, Apple made an important decision by choosing not to license its technology and as a result Microsoft captured the market and Apple`s share of the worldwide market for personal computers declined to its lowest level. In 2007, Steve Jobbs changed the company`s name to Apple Inc. With the introduction of the iPod, in 2001, Apple started becoming popular. Its innovative and advanced products resulted in rapid growth and high sales. Apple spent a large amount on marketing campaigns in order to promote its products.

In 2011, however, Apple suffered a great loss with the death of its co-founder and chief executive officer Steve Jobs Nature of the firm: The company started as Apple Computers which designed and built customer electronics, computer softwares and personal computers only. Then, Steve Jobs transformed it into Apple Inc. and its non-Pc devices started gaining popularity. The company has retail outlets in Japan, Europe, Asia, US etc. Its headquarters is in Cupertino, California. It is a company with competes with a large number of firms throughout the different industries it has entered till now.

The target market for Apple includes home users, creative individuals from the younger generation, small and medium sized business etc. Its major competitors include IBM, Dell, Microsoft Windows, Samsung, Nokia etc. Apple`s marketing approach is one which focuses entirely on its customers. It focuses on emerging stronger and presenting the global market with high-technology products. Products: IPod: This product of apple provided the customers to listen to digital music in a different way and it comes with a unique look.

In 2003, Apple also opened the ITunes store. With its features like more storage, high sound quality, elegant design and moving large quantity data very quickly all these specifications made this product competitive in the market. Product’s different color like white makes this Apple device special. Ipad: Another apple product Ipad is the one product that brings you close to the things you love to do like reading a book, playing piano, listening to music or looking at your photos. It’s a new experience, one you have never imagined.

Its elements like camera, wireless connection and display are even better Mac: Macbook is a full sized laptop with extremely low weight and uses SSD storage and Intel CPUs. It was the first subcompact laptop offered by Apple. Its updated model was released in June`2012. Its major competitor is ultrabook by Intel. Most recently, Macbook Pro has been released by Apple Inc. Iphone: It includes a line of smartphones which was first released by Steve Jobs in 2007. The entire industry of smartphones was revolutionized through its introduction.

The first ever iPhone was released in 2006 in 22 countries which could function as a portable media player, a video camera with