Iphone 5 Mkt Strategy

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Iphone 5 marketing strategy (Price and Place) Marketing assignment Iphone 5 marketing strategy (Price and Place) Marketing assignment Marketing Management – MAN 330 Marketing mix (price and Place) Assignment Summer 2013 Apple IPhone 5 IPhone 5 is the market leader in the smartphone industry with its strong built quality, refreshed design and loads of new features such as a larger display compared to the previous version, and while being thinner and lighter and offering a better battery life and faster processor than its predecessor IPhone has clearly become a must want gadget for today’s technology hungry population. One of the main reasons why people choose to buy IPhone is not just because it doubles up as a digital camera, Portable music player, Small computer while being a mobile phone and it’s easy to use interface but most importantly because it belongs to one of the most famous brand’s in the world ‘Apple’. This makes people buy the IPhone 5 even though it lacks some features from its nearest rival Samsung Galaxy S4. Brand loyalty and its heritage of technological innovations and its relation with the late pioneer Steve Jobs is what gives Apple and IPhone a competitive edge over its rivals. Pricing strategy: The Apple IPhone5 was launched in three variants 16GB, 32GB and 64GB models and therefore priced accordingly. Pricing for the new IPhone starts from $199 for the 16GB, $299 for the 32GB and $399 for the $64GB model if bought with a with a service plan via Verizon, at&t and Sprint in the US, However it can also be bought as unlocked and contract free for $649, $749 and $849 respectively (store.apple.com/us). For IPhone as always there is a difference in pricing between IPhone 5 sold in the US and the ones being sold in other countries. For example an unlocked 16GB iPhone 5 sold in the US costs $649 while the same sold in UK

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