In: Economics
Justify, how the iPhone branding is done to position the product in the market among its competitors? (talk general )
The iPhone is really having a position in the market or better
we can tell that it make the position in the market among its
competitors.
The brand's unique market strategy is the main reason behind it.
The brand successfully identified it's type of customers and it
started targeting them instead of doing the normal marketing
strategy.
The brand has a good position in the market. The best example for
this is that the brand divided the mobile phone market into two. I
e., iPhone and other brand phones. Most of the youngsters choose i
phone while comparing to other brand Phones.
The i phone is using new methods for advertising such as maximum
utilising social media platforms while other major brands like
Samsung and etc. are using conventional advertising methods.
The most interesting thing is that people are waiting for the
launch of new iPhone product. The CEO Tim Cook himself launch the
new product on a pre decided date and people are waiting for the
launching new products from their favourite brand.
The most successful thing in the positioning of iPhone brand is
that it identified it's type of customers.
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