This article discusses the marketing strategy for iPhone 8 Plus, including its positioning statement, marketing objectives, marketing mix, and conclusion. The article explores how Apple plans to differentiate its product from competitors and increase sales.
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3 Introduction With reference to Assignment 1 the various aspects related to the development of a marketing strategy for the iPhone 8 plus shall be explored in the present project. The modern market which is flooded by goods and services of various kinds, it becomes especially relevant for organizations to manufacture products that stand out from the rest and engage with consumers in innovative ways. Therefore, the marketing efforts of the organization should be directed towards positioning the product in an appropriate position that shall differentiate it from other similar kinds of products available in the market. The iPhone 8 plus has to offer something that exceeds the existing value proposition offered by other phones available in the market. Even though the iPhone falls within the category of premium smartphones and thereby, it comes with a comparatively high price (Dovleac, 2014). Therefore, in order to ensure that the product has a devoted group of customers, Apple shall have to devise an appealing marketing strategy that shall facilitate better positioning. The following sections shall deal with the various nuances related to the specific marketing program that shall be adopted for the iPhone 8 plus. Positioning Statement Apple’s name is associated with the delivering of exceptional experience to customers. Customers who are once used to using products from Apple shall be reluctant to switch over to other brands. Apple provides a singularly pleasing and convenient user interface in its devices that ease of use would be unmatched by competing brands. While it is true that Apple sets high prices for its products, its unparalleled set of features has helped it to attain a devoted group of customers who are loyal to the organization. The Apple brand image invokes several ideas like that of passion, dreams and imagination and therefore, customers can develop a bond with their devices which would be impossible to forge with any other brand (Kotabe & Helsen, 2014). One of the primary reasons behind the creation of such a strong relationship with the customer is that Apple offers an incomparable degree of customer engagement and after-sales service. ITunes has the most diverse and varied collection of music which people with every kind of taste in music shall find interesting. Moreover, Apple is known to promptly replace products if any error is discovered in the product (de Oliveira & dos Santos, 2017). The iPhone 8 plus is another powerful addition to the existing range of products offered by Apple Inc. The device seeks not only to fulfil all the expectations that customers already have from it but also to deliver a pleasant excess that they shall find difficult to get over. It is not just
4 another smartphone that one can choose from. It is unique as it offers features that are not available elsewhere (Jackson, 2016). Apparently, it is a smartphone but it packs in itself features and specialties that exceed its utility for the consumer. It has the best in class camera and boasts of the smooth interface and lightning fast performance. It has an ergonomic feel and its build quality betrays the fact that it is a premium product. Marketing Objectives Apple seeks to devise a multi-pronged marketing campaign that lets customers think about the product in different ways invoke desire for the product. Apple’s uses its products to symbolize various ideas and emotions that the consumers can identify with so that they shall wish to buy the product. The marketing objectives for iPhone 8 plus are as follows: Developing a suitable positioning strategy that help in countering the existing competition in the market. Increase the desirability of the products by the creation of innovative and intriguing advertising. Raise awareness about the product by engaging in several kinds of marketing mediums like television, social media and offline means as well. Sustain the trustworthiness and reliability of the organization (Sarstedt & Mooi, 2019). Finally, increasing the sales of the product through the fulfilment of the above conditions. Marketing Mix Product: The product here is the iPhone 8 plus. The product is the most unique kind of product and it shall bear different kind of features which are absolutely unique in consideration to the other phones at the same or near the price segment. The phone shall consist of different kind of features and shall possess the best in class camera and speakers in the price segment to which it will belong (Nagle & Müller, 2017). The product shall be launched with proper testing related to its quality and durability as it has been promised by the company in their previous pre-launching programme of the phone. It will have a metallic body in order to make the phones more durable. Further, the cameras shall have a shatterproof and scratch proof glass covering at their back. This shall be enabled so that the phones do not get scratch or shattered if the phones fall out from the user’s hands (MacLaren, Farrington & O'Gorman, 2017). The phone shall feature modern cooling
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5 features that shall help users to do different kind of activities and high definition gaming. This kind of features can be expected at the price that are charge by the company for the phone. Price: The price of the product shall be around $700 for the 64GB variant and the for the 256 GB variant for around $750. The price shall be somewhat higher as compared to the other products of the rivals (Blendin, Bendfeldt, Poese, Koldehofe & Hohlfeld, 2018). This will be done as the best quality of technology, parts and software shall be used in order to make the iPhone 8 plus phones. The main segment that has been chosen for the product belong from, the younger and more over the richer section of the society. The young people prefer better features, update software, fast operations, excellent cameras and good music playback options. While the richer sections have different confidential data to keep. Thus, they also want a phone that shall be safe and secure to use and shall be less vulnerable to different kind of virus attacks and other things. The pricing is higher in order to make the best and developed software in the phones in order to make them able to meet all these criteria. With meeting all of the abo0ver criteria and making the phone's unique, safe and more smooth and fast to use, it shall have more appeal to the set segments for the customers (Teng, Tai, Yu & Chen, 2018). This shall help in boosting up the overall sales of the iPhones and the company shall be able to properly make profits out of the production of the iPhone 8 plus. The price of the phone shall include the headphones, Turbo boost charger that shall be provided along with the phones in their respective boxes. Placement: There shall be no fixed place for selling these phones. The first launch of these phones shall be done on the limited number of showrooms of the company. Then it shall be sold over the different e-commerce websites and made available all over UK, US and other first world countries. Next it shall be sold over all big shops as well as e-commerce websites across the globe (Foutz & Rao, 2018). Every kind of details shall be furnished regarding the suitability in each of the showrooms. Further, different temporary stalls shall be set up along the main road of the Metro cities in across different of the countries. Through these outlets also phones shall be sold and different offers shall be given along with them in order to increase the sales along the
6 first months (this shall be applied if the demand of the phone increases immediately after the launch). Promotion: Different kind of promotional strategies shall be used in order to carry on with the total sales activity and the launch of the iPhone 8 plus in the market. In the first stage, the advertisements regarding the launch of the phone shall be provided on the Televisions as well as the newspapers valuing different major cities across the globe. In different of the showrooms of the company, posters shall be fitted and ads shall be put on the display boards there (Deitel, Deitel & Deitel, 2014). In the second phase, the advertisements shall also be provided on various of the e- commerce sites. Different big hoarding and billboards along the main roads of the cities shall be ornamented with the advertisements of the phone sin order to attract mass attraction from the consumers. The company shall also arrange for different contests through different “Reality Shows” where the winners shall be given some special prizes including samples of the phones by paying half of the price (Walet, 2017). This shall help the company to get a better reach to different of its consumers. Conclusion Thus, it can be observed that there are various needs that the marketing strategy for the iPhone 8 plus has to take consideration of. The process becomes more complex for Apple because it has a pre-existing reputation in the market and it would not be able to afford to disappoint its devoted consumers. The consumer expectations shall have to be predicted by the organization and the marketing strategy has to address the specific needs of the consumer. This shall increase the credibility of the organization and also attract more new customers.
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