I think everyone in our age and generation knows the brand Apple. So many of you probably also have some apple products like Iphone, Macbook, Applewatch or Airpods at home. But today we don´t talk about the products of them and their usage. We will instead shed the structure on the market of the successful brand and look behind the scenes. Let´s go!
Apple is one amongst the transnational leading company introducing tremendous technology gadgets for the day. Recently, Apple incorporates a say-so of development of “super tablet” computer. Market researches show that customers demands are high for this new technology item. Over the past years, Apple has seen a huge success because of its originative. Through continuous innovation, Apple has developed a series of remarkable products with imaginative style. In fashionable technology innovations, Apple has created cheap steps in the enlargement of data technology world. This expansion additionally forced its few competitors to boom and survive within the market with due competition.
Apple Inc. may be thought about substitute distinction market structures appreciate market and non competitive competition. Apple maintains oligopoly market structure within the competition of phone brands but it is understood as monopolistic competition in the branded computers. Non competitive competition during which several sellers are manufacturing differentiated products. So Monopsonistic competition describes the demand-side looks to be parallel and peer to the monopolistic competition on the provision side.
Since its release, the company’s I‑Phone has created a revolutionary amendment within the market of cell phones and mobile. In an exceedingly its widespread products,the iPad, has become another change in the technology market.
In past few years, it absolutely was explicit that Samsung could be a sturdy competition to Apple Inc. and engaged in a contention relationship. Several economists said, Samsung can knock down the Apple Inc. and obtain the highest position as a number one company in the era of technology.
In the non competitive competition (monopolistic) , each Apple and Samsung will behave like monopolizer in the short run, together with victimization market power to come up with profit. Within the short-term approach, both can usually gain some abnormal profit. However over the long haul approach, alternative competitive corporations shall enter in the market thanks to the low entry barriers. New entries can try and get the competitive edge on the present companies and check out to grab the many market share in terms of profit. So it's assumed that short run may be aperiod during which a minimum of one issue of production is fixed.
So I hope you have learned a little bit more about the market structure of Apple. Mabye it helped you to understand the market and its structures better. :)