Write an Analysis of the Main Forces Driving the Market for Any Specific Product of Your Choice

2884 Words12 Pages
Foundation of Economics for Finance Coursework Write an analysis of the main forces driving the market for any specific product of your choice. Leopoldo Caciolli Student Number 110026555 BSc Banking & International Finance 2011/12 November 28, 2011 Introduction “Last time there was this much excitement about a tablet, it had some commandments written on it.” 1 : the product I will focus on in my essay is the Apple’s iPad. This product, launched in January 2010, in less than two years changed the way several millions 2 of people interact with a handheld computing device (or tablet computer). Yes, because the iPad revolution is in the way you interact with it, not in what you can do with it. All iPad functions were already present in most notebooks and in terms of dimensions several netbooks 3 already had similar sizes and features before the iPad launch. The general belief is that Apple, by launching the iPad, created a new market satisfying unexpressed needs, instead it created a substitute product to the netbook and, partly, to the notebook. By doing so Apple also fended off the threat posed by netbooks to its growing market share in the notebook segment. The introduction of netbook in 2007 was indeed the answer to a growing need of being always and everywhere connected to Internet in a simple and cheap way, without all the unnecessary computing power and extra features of a notebook. The netbook success was immediate, from 1 million pieces shipped in 2007 to more than 14 million units in 20084, supported by telecom operators bundling netbook with mobile broadband access. In 2009 the sales kept rising at incredible speed, up sevenfold in the first quarter5. The success brought analysts to question the future of Apple6, urging the company to introduce a competitive product. And Apple did it: ‘Media Tablets Eclipse Netbook

More about Write an Analysis of the Main Forces Driving the Market for Any Specific Product of Your Choice

Open Document