This presentation provides a market analysis of Samsung S9+, including key market trends, competitors, customer attitudes and behaviors, segmentation, targeting, and positioning.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
1.Product/Service Description Samsung S9+ came into market in the month of February 2018. There are many features included in the phone which can easily influence buying behaviourofpeople.Itincludeshaving touchscreen display of 6.20-inch with a resolution of 1440 pixels by 2960 pixels at a PPI pf 531 pixels per inch.
According to the Simon, ex-IELTS examiner, it has been easily identified that the Samsung is one of the largest maker in UK which reduces the market share of Apple. 2.Outline Market Analysis I: Key Market Trends
3.Outline Market Analysis I: Key Competitors/Positioning 3.Outline Market Analysis I: Key Competitors/Positioning 3.Outline Market Analysis I: Key Competitors/Positioning 3.Outline Market Analysis I: Key Competitors/Positioning According to David Gilbert (2014 ) there is increment of users of Android mobile phones in UK as compared with iOS software.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
4. Current Customer Attitudes/Behaviours According to theSimon, ex-IELTS examiner, it has been easily identified that the Samsung of the largest maker in UK which reduces the market share of Apple.
Continue.. According to David Gilbert (2014 ) there is increment of users of Android mobile phones in UK as compared with iOS software.
Continue.. According to David Gilbert the sales of UK Smartphone are dominated by Android which is available in every Samsung phones.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Continue.. As Statista (2015) argues share of smartphone users are increasing on yearly basis
Continue.. According to Victoria (2013) the global brand sales of Samsung mobiles are increases as compared with the apple brand.
5. Segmentation It refers to an activity of dividing population on the basis of common needs and preferences. It makes easy for Samsung to identify the actual perception and preferences of its targetedpeoplewhichallowsthemtomakerelevant changes in their existing mobile phones features so as to achieve their loyalty.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Geographic Geographic:It is operated its mobile products in more than 61 countriesaftercarefullyanalysingthedemandoftheir products in particular nation. It has divided the market into different regions of Asia such as northern, eastern and southern areas. For example, SamsungS9+ has launched in developednationssuchasUK,Indiaetc.wherethe purchasing power of people are high due to which they can afford to buy their new phones at their fixed prices.
Demographic Demographic: It includes different variables which are listed as under: Age:Young people, businessmen and college students. Family size:Samsung has provide mobile phones to every family size. Income:Samsung has launched various products which can be easily afforded by every income class according to their preferences. For example, Samsung S9+ has various innovative features due to which the cost of product is much high thus it can be afforded by higher income level group.
Psycho-graphic Psycho-graphic:Samsunghaslaunchedwiderangeof mobile to capture customers of every lifestyle personality irrespective of the fact whether its sporty lifestyle or professional style. It brings mobile colours in different colours which an easily grab girl's attention.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Segmentation/Targeting/Positioning Type of segmentation Segmentation criteria Demographic Age3-30 years old GenderMales & Females IncomeHigher and middle income level group OccupationStudents/schoolchildren/professionals ReligionAll religions HealthChildren with autism GeographicRegionUK DensityUrban and Rural
Current Customer Attitudes/Behaviours BehaviouralUser statusInclined to use Smartphones PurchaseOnce in 6 years Product usageDaily Technology usageEducational apps/ social media apps PsychographicLifestyleRestricted in communication MotivesIncapacity to socialise PersonalityPersonality disorders Benefits & SoughtCommunication, education, acquirement and development of skills, socialising
Targeting Targeting:Aftersegmentationofmarketintodifferent groups,Samsunghastargetedmostlymiddleincome group due to which of charging an affordable prices of their innovative features in their mobile products.With the introducing of Samsung S9+, Samsung has targeting premium uses due to charging high prices with innovation features.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Positioning AccordingtoMahmud(2015),positioningemphasiseondifferentiating products from its rivals products available in the market. The current positioning of Samsung Mobile is to become the market leader in smartphone market. For this, thy always tried to come into market with new ideas which is more focuses on customers needs and preferences. It creates a strong brand image in the global market. For example. Samsung 9+ is a perfect example which contains the special and innovative features related with camera functions, fingerprint unlock scanner etc.
7. Marketing Mix I: Product Samsung S9 and S9+ came into market with high prices due to which it directly targeted the higher income people. These brands used a premium pricing strategy for their innovative in-build features such as large screen, superior camera quality etc. These phones are available in the market with three different capacities including 64gb, 128gb and 256gb. The price of Samsung S9+ starts from £869 which is higher than the cost of US i.e. £719.99.
8. Marketing Mix II: Price Samsung has mostly adopted digital channels for the purpose of promoting its new smartphones while came into the market. For Samsung S9+ the company has used media and technology blogs as well as paid advertising. Apart from this, there are otherpromotionalchannelswhicharealso focused by company to promote its new Samsung S9+.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
9. Marketing Mix III: Promotion Samsung has mostly adopted digital channels for the purposeof promotingits new smartphones while came into the market. For Samsung S9+ the company has used media and technology blogs as well as paid advertising.Apartfromthis,thereareother promotionalchannelswhicharealsofocusedby company to promote its new Samsung S9+.
10. Marketing Mix IV: Place Samsungisaglobalcompanyoperatedwith15 regional offices, 55 sales offices and 39 production sites through out the world. It has a multinational networkalongwiththebrandphysicalstores. Samsung is known for providing innovative features at an affordable prices. 10. Marketing Mix IV: Place
Conclusions Ithasbeenconcludedfrominformation mentionedabovethatthesalesfiguresof Samsung S9+ will limited in the upcoming years due to charging high prices as it only capture the attention of higher income group.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
References UK Smartphone Sales Are Dominated By Android. 2014. [Online]. Available through:< https://www.statista.com/chart/2700/uk-smartphone-sales-are-dominated-by-a ndroid/ >.