Report on Economic Concept and Theories

Running Head: MICROECONOMICS
Microeconomics
Name of the Student
Name of the University
Author note

1MICROECONOMICS
Table of Contents
1. Introduction................................................................................................2
2. Analysis......................................................................................................3
2.1 Analysis 1- Apple’s iphoneX model.........................................................3
2.2 Analysis 2- Apple Ramp up Supply of iphoneX.......................................4
2.3 Analysis 2-iphone Market share increased- shifts in Demand for Bigger
Size iphone X................................................................................................5
2.4 Analysis 2-Premium pricing for iphone...................................................6
2.5 Analysis 2- Higher Value and Premium Status of iphone........................7
3. Conclusion..................................................................................................8
4. References.................................................................................................9

2MICROECONOMICS
1. Introduction
In modern world smart phone becomes one of the necessary items.
People become increasingly dependent on the advanced application used in
the smart phones. There are various companies selling smart phones. Among
them Apple is one of the renowned brand. The brand value of Apple iphone
becomes more of a status symbol than its utility.
The report analyzes the market for Apple iphone using economic
concept and theories. Specifically the model of iphone X is taken for
consideration. The market structure, its demand-supply condition, market
share, pricing strategy and premium value of the product is discussed.
Relevant articles are chosen and evaluated using basic microeconomic
concept.