1PRODUCT ANALYSIS: A REPORT Executive Summary The respective paper is an introspective report of Samsung Galaxy Fold, which is an upcoming foldable android smartphone which has been manufactured and developed by Samsung Electronics. The product Samsung Galaxy Fold has been unveiled and exhibited for the first time in 20thFebruary, 2019 and it is about to release in the United States of America on 26thApril, 2019 whereas it is also going to release in Europe on 3rdMay, 2019. The respective paper is an introspection, analysis, interpretation and a detailed study of the respective product, its characteristic features, its speciality and uniqueness, its brand value and its position in the global market.
2PRODUCT ANALYSIS: A REPORT Table of Contents Executive Summary.............................................................................................................................1 Introduction.........................................................................................................................................3 Discussion.............................................................................................................................................3 Product Description.........................................................................................................................3 Additional information of its features........................................................................................4 Market Position...............................................................................................................................5 SWOT Analysis................................................................................................................................5 PEST ANALYSIS............................................................................................................................6 Target Customers............................................................................................................................7 Conclusion............................................................................................................................................9
3PRODUCT ANALYSIS: A REPORT Introduction Samsung Electronics is a multinational electronics company originated from South Korea,whichpossessitsheadquartersinSuwon,presentinSouthKorea.Samsung Electronics is considered to be the worldâs largest manufacturer and producer of consumer electronics, and is also considered as one of the largest producers and manufacturers of semiconductors according to their aggregate revenues collected. In around eighty or more than eighty countries, Samsung Electronics has its assembly plants and sales and marketing networks providing employment opportunities to nearly 3 million people across the globe. Samsung Electronics is about to launch their latest and upcoming technological product or gadget named Samsung Galaxy Fold, which is a latest upcoming version of an Android Foldable Smartphone. The mention and demonstration of the device had first occurred in developerâs conference in November 2018.The respective paper is intended to survey the product and its characteristics, its uniqueness and brand value and its position in the market. Discussion Samsung Galaxy Fold is an upcoming and a latest version of folded Android smartphoneswhichisgettinglaunchedbySamsungElectronicsCompany,whichis characterised by its unique features and possess a considerable magnitude of brand value (Nordrum, 2017). The product is authentic to itself with a myriads of remarkable features that adds to its market demand and value. Product Description Samsung Galaxy Fold is a latest version of Folded Android Smartphone which contains heterogeneous features that makes the product different, unconventional and unique from other technological products in the global market. The product serves as a hybrid model of a phone and a tablet. The uniqueness of the product is its flexibility. The product can be
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4PRODUCT ANALYSIS: A REPORT folded (Gibson, 2016). When it is folded, it can be carried in the palm of the hand and still the productcanbeusedtoexchangetextmessagesandmakeacallorreceiveacall simultaneously. When it is unfolded, the product serves as a Tablet, exhibiting big screen and a big canvas, creating a bigger domain for multiple usage. It possesses approximately 7.3 inch of dynamic AMOLED Infinity Flex Display that gets folded into two with a 4.6 inch 840*1960 cover display. The product Samsung Galaxy Fold permits display and usage of three applications concurrently in the domain screen and it also optimises certain significant applications such as Microsoft Office. The product assists and supports Universal Flash Storage3.0,whichisprobablyconsideredtobealatestfeatureeverinculcatedin smartphones or cell phones. It possess 12 GB of RAM, 512 GB of onboard memory and 7nanometer processor. The product also possess numerous cameras; six cameras in the Galaxy Fold, three camera lenses are kept near the rear, whereas two cameras are kept inside and one is kept in the front to capture pictures at different angles. The product is available in the market in four colours, namely Cosmos Black, Space Silver, Martian Green and Astor Blue. The product allows personalisation of colours of the hinges at the point when the smartphone gets folded. The Samsung Galaxy Fold works under Android Pie with the new interface one UI of Samsung. Google has intentions to help the device with Googleâs specific support foldable android devices so that there is smooth function between the apps on the display screen of the phone (Nordrum, 2017). Additional information of its features Samsung Galaxy Fold consists of two batteries that jointly works for providing power to the respective device. The two batteries produce an energy of 4380mAh together, however, the device is also capable of charging or powering itself by its own and/or via a secondary device concurrently with the help of Wireless Powershare with a regular charger as well. The
5PRODUCT ANALYSIS: A REPORT deviceisperfectformultitaskingasitcontainsdifferentiatedfeaturesthatcanbe concurrently used together, helping in saving time and effort in a greater extent. Market Position Samsung Electronics Company is ready to release their latest and upcoming gadget, folded android smartphone, namely Samsung Galaxy Fold with an amount approximately $1980 in the international market. Such giant leap in the international market of electronics and technology has challenged the premium pricing and services of Apple Inc. and its i- phone. With the help of their unique technology, Samsung Electronics has occupied the attention of the premium price setters. The respective product is unique as it can be folded. Since the device is so well-built and provides a wide domain of multitasking as well as an easy way of mobility, complaints from the customers and consumers are predicted to be lesser than any other gadget in the global market. Citigroup researchers have predicted that Samsung Company would sell almost 1 million or even more Samsung Galaxy Fold device the present year which would be much enormous when compared to the sale of Apple i- phones of 1.39 million units. As Samsung possess a higher scale of production and manufacturing capacity, it is evident that Samsung might overpower its peers (such as Huawei and Xiaomi) in the recent global market (Islam & Want, 2014). SWOT Analysis Market study which also includes SWOT (Strength, Weakness, Opportunities and Threats) analysis of the device Samsung Galaxy Fold is deciphered hereafter (Omer, 2019). Strengths: 1.The device has outstandingly unique specific features; it can be folded and used simultaneously in making numerous phone and video calls. 2.Authentic Operating System provided by Google
6PRODUCT ANALYSIS: A REPORT 3.Amicable charging facilities (both prom primary as well as secondary sources) 4.Perfect for multitasking with a wide range of cameras with which pictures can be taken from any angle. 5.Works as a hybrid model of both a tablet and a smartphone together. Weakness: 1.Limitations in market share as its unique feature possess risk regarding demand in the market. 2.Durability issues Opportunities: 1.Since the device is bringing the latest and one of the most unique features with it in the market, it has chances to overshadow its peers single-handedly in the global market if the device is received well. 2.Popularity among technology enthusiasts for its brand value. Threats: 1.Challenges from the peers of Samsung Electronics such as Apple, Xiaomi regarding inculcating similar distinct features into their products and introducing them into the market with relatively better price options. 2.Challenges from the other peers in case of their products and devices which might have or inculcate certain other different features that might overpower the Galaxy fold in the market (Lee & Lim, 2014).
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7PRODUCT ANALYSIS: A REPORT PEST ANALYSIS PEST analysis of a product is an essential feature of market survey and market analysis (SammutâBonnici & Galea,2015). The PEST analysis of Samsung Galaxy Fold is mentioned hereafter. Political: Samsung Electronics Company possess a little lower political risk as it geographically and geopolitically diversified, as it also has its administrative representation only in the official and main capital and as it conducts indirect sale through retailers worldwide. Economic factors: Expansion of their product (Samsung Galaxy Fold) and services and emerging into the developing market might help Samsung Electronics to attain profitability and eradicate loss from the already developed and matured markets in global arena. Socio-cultural factors While launching Samsung Galaxy Fold, Samsung should recognise ways to adapt the respective products in the market and formulate strategies to create a demand for the mentioned product into the global market surpassing ethnicity and cultural boundaries. Technological factors To launch such a device with a higher technology, innovative teams should be built who would work relentlessly for providing more innovative ideas (Wambui, 2013).
8PRODUCT ANALYSIS: A REPORT Target Customers
9PRODUCT ANALYSIS: A REPORT Segmentation VariableFactorsExplanation GeographicAll over the worldThe product is estimated to beapproachingglobal demography. DemographicAge: 25-55 Income: Upper middle class Occupation:entrepreneurs, professionals,multi-taskers (including homemakers with part-time jobs) MaritalStatus:Single, married,unmarried, divorced, widowed. The target customer for the deviceisgenerally consideredtobeyouthto middleaged,witha relativelyhighincome background,entrepreneurs, professionalsandpeople with multitasking jobs. PsychographicLifestyle:students, professionals,businessmen, technologyenthusiastsand gadgetadmirer(including males and females) The target customer for the deviceisassumedtobe technologicalenthusiasts andgadgetfanatics, industriousprofessionals andentrepreneurs,students irrespectiveofgender division. BehaviouralPreferenceforBrand: regular customers as well as prospective customers Theprospectivecustomers as well as regular Samsung users are also targeted.
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10PRODUCT ANALYSIS: A REPORT According to my research and market survey of the product, I have deciphered that, with its unique features and multitasking facilities, Samsung Galaxy Fold has been produced and manufactured for the entrepreneurs, business enthusiasts and professionals from different fields of profession who are multitaskers and are seeking for a device that might assist them in their daily multitasking jobs. It has been also observed by me that Samsung is also targeting the âmillennialsâ of the present generation who find themselves trendy when they possess the latest gadgets and technologies available in the global market. Due to its efficiency and mobility, the professionals who work overseas and are in need of an enhancing technology might find the device to be helpful for them.I have noticed and recognised that people with affinity towards technology, especially students, are also targeted by Samsung as it offers unique features in the device beginning from optimisation of useful applications for the academics such as Microsoft Office as well as other important applications for students such as Whatsapp and YouTube. Conclusion By summarising the respective report it can be concluded that Samsung Electronics Company has recently taken an initiative to introduce a new and latest foldable smartphone in the market, namely Samsung Galaxy Fold, which has a unique and a distinct feature that makes it different from other smartphones in the market at present; it can be folded whenever necessary, that might be immensely helpful in case of mobility of the device. The uniqueness and flexibility of the product has given the device a distinctive brand value in the market. The respective report is an intense introspection, analysis, interpretation and summarisation of the device, its features along with its additional features, its market position, a precise SWOT Analysis and evaluation of its brand value along with an assumption of its target customers.
11PRODUCT ANALYSIS: A REPORT References: Gibson,J.C.(2016).U.S.PatentNo.D755,796.Washington,DC:U.S.Patentand Trademark Office. Islam, N., & Want, R. (2014). Smartphones: Past, present, and future.IEEE Pervasive Computing,13(4), 89-92. Lee, M. S., & Lim, C. S. (2014). Brand Marketing Strategies of International Smartphone Market.Commodity Science in Research and Practice: Non-Food Productsâ Quality and Innovations, 97-102. Nordrum, A. (2017). Fold-up screens could make their big debut [Top Tech 2017].IEEE Spectrum,54(1), 50-51. Omer, S. K. (2019). SWOT analysis implementation's significance on strategy planning Samsung mobile company as an example.Journal of Process Management. New Technologies,7(1), 56-62. SammutâBonnici,T.,&Galea,D.(2015).PESTanalysis.WileyEncyclopediaof management, 1-1. Wambui,E.(2013).SamsungSmartphonestrategicmarketing:analysisofSamsung Smartphonemarketingstrategydecisionsandtheconsumerperceptiontothe implemented strategies.