Apple is a business in today's society well known for its technology. The company created by Steve Jobs, started a legacy to one of the biggest innovations of all times. Starting as a company for computers only, it soon open out into many other electronic devices, including smartphones, tablets, music devices and Tvs. In recent years, Apple has focused more on entertainment and information aspect of their company. It is now one of the world’s biggest online sellers of music, streaming video and software solutions, including phone apps. When going into the Environmental factors of the company Apple, they are many things that affect the business. First is the Political factor. The correlation between apple and the political factor is money.
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Closely related to the political factors, the economical factors is based mostly of china. One of the few differences is that apple is affected by money instead of relations. For instance, Increased labor costs would increase the manufacturing cost which could take away the cost advantage of some Apple products prices in China. In most middle-class incomes in economically stronger countries, like the United States, could decrease the potential market for more premium consumer goods such as those marketed by Apple. Money in the U.S. could increase exchange rates, making the price higher for Apple to have business in selective key markets like Europe and …show more content…
Some of the well known competitors such as Sony, Google, and Samsung. They all have demonstrated a strong ability to compete with Apple’s products and services. It took less time for Google to roll out a payment app which is called Android Pay, with the same function as Apple's app “Apple Pay”. This means that many of Apple’s signature services and products are no longer unique and has competition. Although the number of new consumer products Apple can has released is limited. Many of its new offerings, such as Apple TV, will have a limited time marketing.As technology grows the uses of cellphones grows causing the use of smartphones and tablets to lower the demand for Apple’s popular person computers and laptops. A big issue is the the safety of Apple's products. The growing opportunities for cyber criminals make Apple’s systems less safe and take away one of its strongest competitive traits, which is their reputation for high levels of security and safety. Thus making becoming the biggest issues in the technological
Closely related to the political factors, the economical factors is based mostly of china. One of the few differences is that apple is affected by money instead of relations. For instance, Increased labor costs would increase the manufacturing cost which could take away the cost advantage of some Apple products prices in China. In most middle-class incomes in economically stronger countries, like the United States, could decrease the potential market for more premium consumer goods such as those marketed by Apple. Money in the U.S. could increase exchange rates, making the price higher for Apple to have business in selective key markets like Europe and …show more content…
Some of the well known competitors such as Sony, Google, and Samsung. They all have demonstrated a strong ability to compete with Apple’s products and services. It took less time for Google to roll out a payment app which is called Android Pay, with the same function as Apple's app “Apple Pay”. This means that many of Apple’s signature services and products are no longer unique and has competition. Although the number of new consumer products Apple can has released is limited. Many of its new offerings, such as Apple TV, will have a limited time marketing.As technology grows the uses of cellphones grows causing the use of smartphones and tablets to lower the demand for Apple’s popular person computers and laptops. A big issue is the the safety of Apple's products. The growing opportunities for cyber criminals make Apple’s systems less safe and take away one of its strongest competitive traits, which is their reputation for high levels of security and safety. Thus making becoming the biggest issues in the technological