Iphone

The Iphone was first introduced in 2007, and even since it has been the most popular smart phone. It is designed, marketed and manufactured b Apple Inc. This smart phone has different functions, some of the complex and some of them very advanced. It is designed to its users can install applications on the device and use its capabilities.

Supply and demand drive the economy world, and with all of the promotions and advertising for the Iphone it is not quote certain if the demand creates supply or supply creates a demand in this case.

Demand for iPads is certainly up which means that the demand curve will be dramatically shifted to the right. The price is able to go up as well because the demand for these is so high. Other PC brands are seriously being affected because of the shift in demand, to the left on the graph, from their computers which include laptops and desktops to the iPad, which is smaller, costs less, and is better for use in any setting or situation, and its ability to be very portable. The market for Microsoft and Apple is an oligarchy because there are few firms and it is relatively hard to get into, in other words there is a high barrier of entry, and this type of business and it is also very hard for the firms to create products of such great popularity because the standards for each good are very high.

Consumers everywhere have developed a whole new meaning for Smart phones, shifting it from business conduct to ordinary individual use. A phone’s function has expanded from phone and text messages to much more beyond that including music, games, Internet and applications. It has become necessary for every consumer to own a Smartphone in order to insure immediacy, variety, and continuous connectivity with the world. In this paper, we will analyze the Smartphone industry and highlight the most important changes and their implications on Apple’s iPhone in particular.

Apple’s iPhone was first introduced in January 2007. Since the...