The assignment provides an overview of the smartphone market in the UK, with a focus on the increasing penetration rate and its effects on various aspects of life. It highlights the importance of conventional countermeasures to address potential issues related to mobile usage.
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Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 1.1 Current mobile phone market UK....................................................................................1 TASK 2............................................................................................................................................1 Preparing an appropriate line chart.........................................................................................1 1.2 Forecasting UK adult smartphone use..............................................................................3 TASK 3............................................................................................................................................3 Potentiality of smartphone market for older consumers.........................................................3 TASK 4............................................................................................................................................4 1.4 Feasibility of expansion....................................................................................................4 TASK 5............................................................................................................................................4 Calculation..............................................................................................................................4 TASK 6............................................................................................................................................5 Presenting the findings...........................................................................................................5 TASK 7............................................................................................................................................6 TASK 8............................................................................................................................................7 TASK 9- REFERENCES.................................................................................................................7 TASK 10..........................................................................................................................................8
INTRODUCTION In the current market scenario on which it can be said that there has been rapid raise in the smart phones uses. Thus, this, device has replaced television, computers and remote controls. In the present report there will be analysis over the current market scenario for the mobile phone users in environment as w2ell as there will be graphical presentation on which researcher would analyse the research issues to make a validated analysis over the data base. TASK 1 1.1 Current mobile phone market UK In relation with analysing the current market scenario pf UK on which it can be said that there are large number of literature and educated people which are well versed with techniques to operate the mobile devices (Slade and et.al., 2015). The main advantages of this device are that it is portable and easily moveable from one place to another (Duan and et.al., 2017). In the recent times these devices have been engaged in the operational practices where they have replaced various other gadgets such as television, tablets, remote control devices, cameras, compass, clock, calendar, thermometer etc. Thus, such convenience of this devices has been helping the society in saving time and costs implied in each activity (Fan, Leng and Yang, 2016). Therefore, in this case it can be said that this technique will be adequate and helpful in measuring the operational gains at the right time (Mehrotra and et.al., 2016). The convenience as well as quickens of such devices has created the boom in the market (Baadel, Thabtah and Majeed, 2018). Therefore, there have been creation of various models and features which are being offered by several companies operating such activities (Ooi and Tan, 2016). Eco-Fone is one of the mobile manufacturer stated in the market which is being helpful in presenting the products as per the consumers’ desired wants and requirements. TASK 2 Preparing an appropriate line chart YearTabletLaptopSmartphone 201216%73%52% 201336%76%62% 1
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1.2 Forecasting UK adult smartphone use Figure1Smart phone users (Source:UK smartphone penetration continues to rise to 85% of adult population,2017) In terms of current market scenario and rapid increase in the smart phone uses on which there are large number of adults are using such devices. Therefore, in this case it can be estimated that the upcoming period will lead the country to have 85% increased adult users of the mobile devices (Ling, 2017). Therefore, it has been estimated that the growth in smart phone uses which will result in profitable growth to the mobile phone manufacturers in the world. TASK 3 Potentiality of smartphone market for older consumers The ongoing demand of this business in the world would be effective in trims of raising the operational perspective of the smart phones (Ubhi and et.al., 2015). There are various producers which will be beneficial as if they launch new models and devices with the help of public convenience (Lim and et.al., 2015). 3
It mainly based on the trust worthiness which have presented that there could be adequate response would be gathered by the firm from its potential consumers stated in the market (Mahmoodi and Jiang, 2016). However, in relation with such aspects on which it can be said that they will appreciate the new product launch and which would be beneficiary for the professionals to have adequate growth in revenue. TASK 4 1.4 Feasibility of expansion Should we expand our business to Kingston? ProsScore/10ConsScore/10 Profitability7Challenges due to rivalries8 Revenue generation5Upgradation of technology8 Large number of consumers8 Expansion of business9 Improved market share4 Raise in number of investors9 Total Pros33Total Cons16 Average ProsAverage Cons On the basis of above stated table of pros and cons on which it would be effective for operating the business activities for Eco-fone business. However, the launch of Kingston on which it can be said that, there are major positive reviews which would be effective for the firm in retaining the adequate gains and success in the market (Slade and et.al., 2015). There are several risks from the rivalries which has comparatively higher marks due to large number of mobile phone producers are being stated in the market (Duan and et.al., 2017). TASK 5 Calculation Asking price400000 Negotiable price350000 15 years 4
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Repayment mortgage350000 Rate of mortgage7 Debt payment[((1+0.07)^15)-1]/[0.07*(1+0.07)^15] Total amount of loan / Discounting factor1.76/0.19 9.11 350000/9.11 Total amount of loan38419.32 Repayment amount on monthly basis38419.32/12 3201.61 TASK 6 Presenting the findings Given ParticularsFigure Sample40 Average100 Standard deviation20 Second shop Mean90 Standard deviation40 H0: Null hypothesis:There is no significant difference in net taking of two shops. H1: Alternative hypothesis:There is significant difference in net taking of two shops. Assessment of Z score value Table 1 Mean value of one shop100 Mean value of second shop90 5
Standard deviation (one shop)20 Z score assessment(100 – 90) / 20 0.5 Table 2 Mean value of one shop100 Mean value of second shop90 Standard deviation (two shop)40 Z score assessment(100 – 90) / 40 0.25 The above table is assessing Z score assessment with stated value of alpha, where p value is smaller than 0.05 then null hypothesis is rejected and vice versa. In table 1 and 2 both value are greater than 0.05 so null hypothesis is true. Henceforth, it could be elaborated that there is no significant difference in net taking of both shops. TASK 7 Ques 1Ques 2Ques 3a Ques 3b Ques 3c Ques 3dQues 4Ques 5Ques 6 Mean2.952.891.982.503.252.512.512.523.71 Standard Error0.150.090.080.090.120.100.120.090.11 Median332243224 Mode432243224 Standard Deviation1.480.950.840.871.251.071.190.921.15 Sample Variance2.180.900.710.761.561.131.410.841.33 Kurtosis-1.46-0.720.24-0.65-0.82-1.21-0.17-0.130.24 Skewness-0.03-0.270.750.26-0.89-0.160.840.47-1.10 Range443343444 Minimum111111111 Maximu m554454555 6
Interpretation: On the basis of above outcomes on which it can be said that, majority of people ate in favour with the products presented by Eco-fone in the market. Therefore, there are large number of mobile phone operators which are belongs to this mobile company. Therefore, on the basis of such outcomes on which it can be said that there would be effective growth and profitability which in turn will be beneficiary to the firm in making adequate success in the market. TASK 8 Poisson random variable2 Mean rate of success15 Poisson probability P(X=2)0.000 Cumulative probability P(X<2)0.000 Cumulative probability P(X>2)1 Cumulative probability P(X>=2)1 In accordance with the operational practices on which it can be said that improving the quality of product line will be effective for the firm in retaining the adequate market share. Therefore, there will be effective raise in the revenue as well as profitable gains which would be adequate in meeting the profitable targets (Fan, Leng and Yang, 2016). Along with this, such influences will be effective in resulting the adequate increment in the number of investors to the business. TASK 9- REFERENCES Books and Journals Baadel, S., Thabtah, F. and Majeed, A., 2018, November. Avoiding the Phishing Bait: The Need for Conventional Countermeasures for Mobile Users. In2018 IEEE 9th Annual Information Technology, Electronics and Mobile Communication Conference (IEMCON)(pp. 421-425). IEEE. Duan, X. and et.al., 2017. Distributed algorithms to compute walrasian equilibrium in mobile crowdsensing.IEEE Transactions on Industrial Electronics,64(5). pp.4048-4057. Fan, B., Leng, S. and Yang, K., 2016. A dynamic bandwidth allocation algorithm in mobile networks with big data of users and networks.IEEE Network.30(1). pp.6-10. 7
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Lim, S. L. and et.al., 2015. Investigating country differences in mobile app user behavior and challenges for software engineering.IEEE Transactions on Software Engineering,.41(1). pp.40-64. Ling,R.,2017.Thereconstructionofspaceandtime:Mobilecommunicationpractices. Routledge. Mahmoodi, T. and Jiang, M., 2016. Traffic Management in 5G Mobile Networks: Selfish Users and Fair Network.Transactions on Networks and Communications.4(1). p.01. Mehrotra, A. and et.al., 2016, May. My phone and me: understanding people's receptivity to mobile notifications. InProceedings of the 2016 CHI conference on human factors in computing systems(pp. 1021-1032). ACM. Ooi, K. B. and Tan, G. W. H., 2016. Mobile technology acceptance model: An investigation using mobile users to explore smartphone credit card.Expert Systems with Applications.59. pp.33- 46. Slade, E. L. and et.al., 2015. Modeling consumers’ adoption intentions of remote mobile paymentsintheUnitedKingdom:extendingUTAUTwithinnovativeness,risk,and trust.Psychology & Marketing.32(8). pp.860-873. Ubhi, H. K. and et.al., 2015. A mobile app to aid smoking cessation: preliminary evaluation of SmokeFree28.Journal of medical Internet research.17(1). Online UK smartphone penetration continues to rise to 85% of adult population.2017. [Online]. Available through :< https://www.consultancy.uk/news/14113/uk-smartphone-penetration- continues-to-rise-to-85-of-adult-population>. TASK 10 On the basis of above report, on which it can be said that, the use of Smart phones in the UK has currently at the boom. Thus, everyone carries a mobile device in pocket which is like the main multiple operating device which would give the answers to the various question. There have been various queries which would be resolved by these devices in terms of making adequate ascertainment of the operations practices. Eco-fone have been operating the smartphone operations in UK which is aimed at improving the operational quality of the firm. 8