In: Operations Management
Goals:
Apple’s mission statement is, “to bring the best user experience to its customers through its innovative hardware, software, and services.” This broad range of offerings ties directly into a good business practice and public statements. Tim Cook’s bold claim that Apple’s investment in health will be its “greatest contribution to mankind” speaks to its mission statement, trying to better the user experience in as many offerings as it can.
Products/Services:
Apple products have a wide variety of use-cases and target markets. These products include the average consumer’s iPhone, the video editor’s iMAC, the layman’s Macbook, the audio enthusiast’s AirPods, the fitness nut’s Apple Watch, the routine show binger’s Apple TV, and the power user’s iHome. These are just the products and offerings that you can physically interact with, Apple also sells a collection of software, from operating systems to versatile applications. To introduce, maintain, and provide support for their consumers, Apple also has a chain of retail stores available to accomplish these goals.
Industry:
The industry that Apple is in is the Consumer Electronics/ Technological Sector. Apple is known for their smartphone manufacturing and computers. One of Apple’s largest selling products is their iPhones. Some of their competitors are companies such as: Google, Dell, Sony, Samsung, Nokia and HP. With Apple’s growing product diversity, they will also find more competitors in each market.
Look over Apples performance summary with lots of detail and fill in there financial performance/ performance summary.
2. 2 Performance Summary
Financial Performance:
Performance Summary:
APPLE AS A BRAND : Apple Inc. is an American multinational technology company, Apple designs and sells electronic, computer software and online service. Its competitors compines are: Google, Dell, Sony. Nokia and HP.
APPLE PERFORMANCE SUMMARY: Apple is one of most popular and versatile brand in world now . All the electronics manufactured by Apple is giving extremely amazing performance in market place. As Apple's mission statement says" to bring the best user experience to its customers through innovative hardware, software and services". It is exactly doing the same by providing the best services worldwide to customers and also by providing extraordinary designs and graphics.It is difficult for any other company to copy apple products and its software because they are filled brillant features . To make easy for its customers to buy Apple products, Apple has chain of retail stores avilable to fulfill its customers requirement. The one of the most fasicinating product of Apple is iphone and the other electronics such as iMAC, Macbook etc are are also worthy of attention in the market place. Iphone is most sold products of Apple because it has every single feature which is required by present generation . So, the performance of Apple in the present scenerio is remakable and outstanding and it will become diffcult for other electronic companies to compete with this particular brand in upcoming years as Apple provide support and ease to its customers in every way possible.
APPLE FINANCIAL PERFORMANCE: The financial performance of Apple in the market place is extremely amazing. Apple stock has dobuled since the start of 2019 by providing the best services to its customers . As Apple provide wide variety of products is become easy to target large marketplace for it .Apple is considered as luxury brand because its prices are generally on higher side. But higher price does not effect its production and sells beacause its product are extraordinary and filled with amazing features . Tim cook mentioned in his recent interview that Apple's investment in health will be its" greatest contribution to mainkind" is correct because the stock price they hold now will increse at rapid scale in upcoming years and this investment in health will help them to provide the best medical advantaged technology to the needy patients and hospitals. So, the financial performance of Apple is the marketplace is remarkable .