Posted: December 30th, 2021
Compose a 500 words assignment on market equilibrating process paper. Needs to be plagiarism free! The Market Equilibrating Process: the iPhone Experience For this particular activity, I chose to talk about Apples iPhone product. Recently, its latest iteration, iPhone 5, was released amidst great anticipation from the consumers, great fanfare, great media interest, culminating into record-breaking first-week sales. Already, reports of product shortage have been posted by several news outlets. These developments depict an extremely successful and profitable product. Other variables such as Apples branding, the Apple ecosystem, innovation in technology and design have exerted their respective roles in the success of the iPhone as well. However, I will argue that this may be the case at present but the product is at risk in the long term for several reasons. This can be reflected in the gradual shift in the supply and demand equilibrium.
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