IPAD:D
Apple released the first iPad in April 2010.Release dates: Wi-Fi model (U.S.): April 3, 2010 Wi-Fi + 3G Model (U.S.): April 30, 2010 International: May 28, 2010
HISTORY
Base model's $499 price was lower than pre-release estimates by the tech press, Wall Street analysts, and Apple's competitors
1. income2. willingness to purchase the product
PRICE DETERMINED BY:
COMPLEMENTS demand for iPad ,demand for the complements
direct relationship.
SUBSTITUTESdemand for iPad ,demand for the substitutes
inverse relationship.
Demand for iPad: price elastic (many close substitutes)factor that decides the consumers’ choice would be price. When the price of iPad increases, consumers tend to switch to the other substitutes.
AVAILABILITY, CLOSENESS AND
PRICE OF SUBSTITUTES
CONSUMERS
PRODUCERS Monitor prices that rival companies are selling their products atApple must also lower its price for iPads to keep up with competition, increasing the demand for iPads and maintains its profits
FOR EXAMPLE:
INCOME
CONSUMERS Income , disposable income , higher purchasing powermore willing to spend on luxury goodsHence, quantity demanded for iPadThus the profits of Apple can be maximized
INCREASE IN COST OF PRODUCTION
PRODUCERSaverage salaries , manpower costs for the company , cost of production the price of iPads to compensate losses
law of demand : an increase in price of the good itself would lead to a decrease in quantity demanded, ceteris paribus.
Free gifts can be included to attract customers to prevent drop in sales
LINKS ._.http://useconomy.about.com/od/economicindicators/a/GDP-statistics.htm
http://www.digitaltrends.com/computing/samsung-galaxy-tab-vs-apple-ipad/
http://spider88.com.sg/ProductPreview.aspx?prodid=1937
http://www.omio.com/phones/samsung/galaxy-tab/prices
http://en.wikipedia.org/wiki/IPad#Reception)
http://www.apple.com/ipad/accessories/
http://www.ipadnewsdaily.com/the-year-of-the-tablet-the-ipads-competition-0744/
Sheau Shiun
Tan Yuyun
Lu Shuang
Celine Lim
Lau Xue Yi
Kok Ker Wei
THANK YOU (: - APPLES ARE HEALTHY :D