About the iPad. When did the iPad first originate? . Decided in the end to build a phone with the same functions. Idea first conceived by Steve Jobs even before that of the iPhone ; He wanted ‘a glass, multi-touch display’. Hence had its origins way back in 2007. About the iPad.
About the iPad
When did the iPad first originate?
Decided in the end to build a phone with the same functions
Idea first conceived by Steve Jobs even before that of the iPhone ;
He wanted ‘a glass, multi-touch display’
Hence had its origins way back in 2007
About the iPad
How is the price of iPad determined?
Quantity demanded by consumers; change in quantity demanded would result in a change in the price of a good so as to maximize profits, ceteris paribus
By calculating the estimated total revenue minus production cost, aiming to maximize profits
Observing the price of close substitutes
Samsung Galaxy Tab
Consumers need to purchase apps through the Apps Store to be installed to their iPads.
A fall in the price of the apps will lead to more quantity demanded, hence causing an increase in the demand for iPads since they need to be used jointly.
(such as the iPad smart cover and the Apple wireless keyboard)
are also complements to the iPad.
The demand for iPads is very responsive to the change in the price of the apps and accessories.
Apple also includes free shipping and free iPad engraving for consumers who order iPad from the Apple Online Store.
A limited hardware warranty is also available with every purchase of the iPad.
More consumers will be attracted, increasing the demand of iPads in the market.
Producers also have to keep a lookout
for income of consumers.
Income of consumers
Increase in income
On the other hand, a decrease in income
decrease in the demand for iPads (consumers are less willing and able to purchase the good)
Increase in the demand for iPads.
Instead, consumers will consider switching to normal goods such as Nokia phones.
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