Apple Company: Marketing Strategies for India Market
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Added on 2023/01/05
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This article discusses the marketing strategies of Apple Company for the Indian market, including the choice of market, reasons for entering India, and other marketing options. It also explores the 4Ps marketing model and how Apple can expand its target market.
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Running Head: APPLE COMPANY1 Marketing
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Running Head: APPLE COMPANY2 Introduction In the recent time, Apple has been growing its business to a large extent. It is selected due to the growing demand of its productin several countries across the World. Due to the technological advancements or significant shift toward the branded products, Apple Company has been selected. In the further section, discussion has been carried on the choice of market that Apple has entered. India has been chosen as the foreign market for the further discussion. Choice of the market and reasons for entering of Apple into India For the foreign market, India has been selected. It is because customers have shifted toward the IPhone more in the recent time. The major reason for entering into India was the lack of any technological advanced phone. It has analysed the market properly and reached to the conclusion that India still has few market. Besides this, India also not had any luxurious mobile brand before Apple. Due to this, Apple has decided to enter into India by targeting the premium class of customers. It is true that India was having the very low range of premium mobile phones before Apple Company entered into the Australia. Indian people have belief that the Apple has high or standard quality tag due to this they tends to prefer the Apple products over other products.However, it is also facing several problems in India due its higher pricing of the handsets. This has also decreased the demand of IPhones in India. Due to the presence of several products in the lower prices, customers prefer to shop those. Other options that Apple can get by applying the marketing model 4PS marketing model by expanding its target market Product: Apple has wide variety of products in Indian market. In spite of this, it is not able to gain huge success that other companies have gained. Due to this, it can enter into the lower range market segment by launching the lower price products. It can also target the youngsters by providing discounts on its product in India (Tidd and Bessant, 2018).It is because youngsters get more attracted toward the premium mobile phones when they get the product in lower price as compare to any other brand. It can also enter into the market of camera eye lenses that Samsung has launched in South Korea. It will help the Samsung in increasing the market base as well as demand in the India market. It can also enter into the
Running Head: APPLE COMPANY3 market of electronics where it can get huge customers due to its strong brand image (Zhang, Heinemann, Liu, Baugher & Schupp, 2016).In the recent time, customers also want such electronic products that have technological advancement. Price: Using the low price strategy, it can also gain the huge market growth. Using this strategy, it can target the higher class as well as lower class people of India. It will assist it in gaining the higher profit margin that it is earning recently. This will also provide it the competitive advantage in the Indian market. It can also add few more features in its high quality products. It can therefore divide the market segment into two segments. The first market segment can be made for the premium customers and the second market can be made for the middle and lower class customers. With the adoption of such policies, it will be able to gain the more customers (Nagle & Müller, 2017). Place: In India, Apple has very few stores. Due to this, several customers are not able to purchase the product (Zhang, Heinemann, Liu, Baugher & Schupp, 2016).Due to the presence of several rural areas in India, customers are not able to enough access to such services. Therefore, it can target the rural area people too by opening its more stores. In this way, it can increase its market segment by opening several new stores across different part of India (Gupta, Pal & Muttoo, 2016). Promotion: Recently, Apple does its promotion by using several advertising channels such as advertising and websites. Besides this, several people in the rural areas are not aware about its unique products. In order to increase awareness among those customers, it can promote the Apple thorough its physical stores. It can also conduct the seminars that will help it in informing about its wide range of services as well as unique features about the products. Personal selling can also be improved by the Apple Company, which will further help it in enhancing the experience of customers (Piercy, 2016). Conclusion In the limelight of above discussion, it can be concluded that Apple has entered successfully into India by targeting the premium customers. However, it is not able to gain huge success due to the higher prices of its products. It can also stop the market by targeting the youngster has to make purchase. It can also enter into the lower price category of products. Due to lack of awareness among the rural people of India, it is not able to create as much demand that it can create by charging the lower price of customers. Due to such
Running Head: APPLE COMPANY4 reasons, it can also launch the products in the category of lower price. This will help it in gaining the competitive advantage over other brands. References Gupta, R., Pal, S. K., & Muttoo, S. K. (2016). Network Monitoring and Internet Traffic Surveillance System: Issues and Challenges in India. InIntelligent Systems Technologies and Applications(pp. 57-65). Springer, Cham. Nagle, T. T., & Müller, G. (2017).The strategy and tactics of pricing: A guide to growing more profitably. Routledge. Piercy, N. F. (2016).Market-led strategic change: Transforming the process of going to market. United Kingdom: Routledge. Tidd, J. and Bessant, J.R. (2018).Managing innovation: integrating technological, market and organizational change. United States: John Wiley & Sons. Tripathi, D. R. (2018). Promotional Mix Strategies for Services in Rural Market.Indian Rural Market: Opportunity and Challenges in the Global Context,1(1), 248-257. Zhang, Z., Heinemann, P. H., Liu, J., Baugher, T. A., & Schupp, J. R. (2016). The development of mechanical apple harvesting technology: A review.Transactions of the ASABE,59(5), 1165-1180.