Identification of the Product The product chosen for this report is 5G smartphone 5G smartphones offers the consumers with a lot more bandwidth along with lower latency high speed internet is no longer a luxury but has become a necessity (Chen, Liu and Gong 2018) consumers will be able to upload as well as download videos at a much higher speed compared to that of the 4G technology using smartphones
Competitive information The main competitors of the 5G mobiles includes the already existing 4G smart phones The price range of both the products are similar (Chitimira 2016) Hence 5G smartphones posses high competitive advantage
Environmental scanning Political Factor: Australia possess connection with a good number of global organizations like OECD, World Trade Organization, G20, and Commonwealth of Nations However the relation between them has deteriorated the political factor of Australia is not highly favourable for the mentioned product Economic Factor Australia holds 13thplace amongst the largest economy worldwide the nation has reported an economic growth of 2 percent Higher disposable income denotes favourable condition for 5G Smartphone
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Environmental scanning Socio-cultural factors population of Australia is smaller compared to majority of the nations the population of Australia is aging the workforce in the nation is highly expensive Technological factors Australia is highly advanced in technology 24*7 hours availability of transport and
Demand forecast It can be stated that the demand for 5G smartphones will be high in Australia the major reason include need for high speed internet (Ding et al. 2018) Along with this availability of more features at a lower or similar price range will enhance the demand of the product.
Segmentation Type of segmentationSegmentationiPhone XR’s Target market GeographicRegion Density US and International Urban DemographicAge Gender Life Cycle stage Income Occupation 16-45 years Both Males and Females Bachelor Newly married Full nest I and II High Earner Businessman , managers, executives BehaviouralDegree of Loyalty Benefits sought Personality Hard core loyal, Switchers Senseofbelongingselfexpression, service speed Ambitious and determined
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Targeting target consumers of 5G smartphones include Elite class, higher middle class as well as middle class consumers of the society (Fayek et al.2017) The age range of the target consumer includes 16 years to 20 years.
Positioning Positioning of the 5G smart phones have been done based on the high quality internet enhanced features offer to the consumers(Li et al. 2017) Tagline used by the product selling brands “It's more than providing you with a really fast smartphone.”
Reference List Chen, S., Liu, Y. and Gong, S., 2018, May. Eight-Port Dual-Polarized Antenna Array Using Central Symmetric Structure for 5G Smartphone Applications. In2018 International Conference on Microwave and Millimeter Wave Technology (ICMMT)(pp. 1-3). IEEE. Chitimira, H., 2016. A Comparative Synopsis of the Enforcement of Market Abuse Prohibition in Australia and South Africa.African Journal of Legal Studies,9(1), pp.46-77. Ding, Z., Yao, T., Liu, X., Wang, X. and Liu, Z., 2018, July. An Eight-Port Dual-Band Antenna Array for 5G Smartphone Applications. In2018 Cross Strait Quad- Regional Radio Science and Wireless Technology Conference (CSQRWC)pp. 1-2. Fayek, J., Aoude, M., Raad, M. and Raad, R., 2017, October. Quantitative study of thresholding for device-to-device communication in 5G networks. In2017 11th International Conference on Telecommunication Systems Services and Applications (TSSA)(pp. 1-5). IEEE. Hawthorne, L., 2016. Labour market outcomes for migrant professionals: Canada and Australia compared.Available at SSRN 2808943. Li, M.Y., Ban, Y.L., Xu, Z.Q., Guo, J. and Yu, Z.F., 2017. Tri-polarized 12-antenna MIMO array for future 5G smartphone applications.IEEE Access,6, pp.6160-6170. Li, M.Y., Li, C., Ban, Y.L. and Kang, K., 2016, July. Multiple antennas for future 4G/5G smartphone applications. In2016 IEEE MTT-S International Microwave Workshop Series on Advanced Materials and Processes for RF and THz
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