Question

In: Operations Management

What does convergence of Technology mean to Apple? What does it mean to the customers?

What does convergence of Technology mean to Apple? What does it mean to the customers?

Solutions

Expert Solution

Apple Organization: Apple is the world leader manufacturer and seller of smart phone. The Apple iphone products are famous and are with highest quality level. Apple products are world leader product which posses highest quality, reliability, technology, features, value etc. Apple does not have any competitor around him. He is leading the world in the smart phone market. The key contribution in the great position of apple is their clever marketing. The clever marketing of Apple led them to achieve this great success in the smart phone business in the world.

Convergence of technology mean to Apple : The convergence of technology mean to apple is mixing of more than two technology products into one technology product is the mean of technology convergence for apple. This helps the apple to develop new technology for the consumers and develop his brand in the market. The convergence of technology is really a helpful approach as it helps the consumer to manage one device in place of multiple devices. Thus over all its an effective way for the customers. This is also a great approach for companies also it helps them to sell a new product with multiple options. This multiple option helps the organization to build their brand in the market and they can raise the price for their product. Thus in one setup they can sell a product of varieties more than for two products. The organization can build the convergent product in same set up with minor modifications and can generate the larger revenue for the organization.

Convergence of technology will always be a right approach for the organizations. This will help them for better customer attraction, satisfaction, and higher revenue and can built stronger brand in the market.

Technology Convergence for Customers: This is the best user friendly option for the customers, as it helps them to manage one device in place of two devices. Thus reduces the general management of customers and they can explore higher contribution of such products for their normal usage and in the same time. There may be chances that customers may worried of higher price for multiple convergence technology product as some of may not needed the higher technology version, but they have the option to explore the single technology product for their limited use.


Related Solutions

What does convergence mean in the neoclassical growth model?
What does convergence mean in the neoclassical growth model?
Explain the concept of “technology convergence.”
Explain the concept of “technology convergence.”
WHAT IS CONVERGENCE BETWEEN COUNTRIES? WHY DOES THE STANDARD SOLOW MODEL IMPLY CONVERGENCE? WHAT DOES IS...
WHAT IS CONVERGENCE BETWEEN COUNTRIES? WHY DOES THE STANDARD SOLOW MODEL IMPLY CONVERGENCE? WHAT DOES IS THE DIFFERENCE BETWEEN CONDITINSL SND INCONDITIONSL CONVERGENCE?
The banking industry has converged in the past 50 years. What does convergence mean in the...
The banking industry has converged in the past 50 years. What does convergence mean in the context of the banking industry? b) how has it affected the competition in the banking industry? c) what is one regulatory change that has accelerated convergence in the banking industry?
What does it mean to understand ‘technology’ as a multifaceted entity?
What does it mean to understand ‘technology’ as a multifaceted entity?
RANDOM VARIABLE CONVERGENCE Give example for the statement "Convergence in distribution does not imply that convergence...
RANDOM VARIABLE CONVERGENCE Give example for the statement "Convergence in distribution does not imply that convergence in mean"
1- What does the term "technology" mean in Economics, and how does that notion differ from...
1- What does the term "technology" mean in Economics, and how does that notion differ from the notions of technology as used outside of Economics? 2- Explain why an improvement in the legal system can lead to higher GDP. 3- Write down the full definition of the demand curve. Also, give a one sentence statement about what the word "able" refers to in that definition.
Describe the concept of convergence and how it relates to technology and e-commerce.
Describe the concept of convergence and how it relates to technology and e-commerce.
What does “keeping goodwill” mean when dealing with customers? How can goodwill be lost if the...
What does “keeping goodwill” mean when dealing with customers? How can goodwill be lost if the delivery of negative news is not communicated appropriately?
Apple after Steve Jobs 1) In what product segments does apple compete? How does the company...
Apple after Steve Jobs 1) In what product segments does apple compete? How does the company position its products against its competitors? 2) Perform a SWOT analysis for Apple 3) Analyze Apple's board structure. Are criticisms of Apple's board justified? 4) What does Apple's selection of Tim Cook as Jobs' successor signal about its future strategy? 5) Identify the top challenges that Tim Cook faces. How should he address them?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT