Ch. 10 -
Product Concepts
According to MKTG 5 a “product
is everything both favorable and unfavorable, that a person receives in an
exchange.” When it comes to Apples products
they are very precise. They have variety of products available for
consumers. Apple focuses on the needs of their
consumers and their wants that they cannot get from other products.
Apple has created a well developed brand name, which is very favorable for its
products.
Apple can be classified
as a business product, consumer product and specialty product.
Apples business products include iPhone
in Business, iPad in Business and Mac in Business. It has designed iPhone for
business us, iPhone is the business standard with powerful out-of-the-box features and apps. Apple provides apps for business use, which can be used
on iPhone, ipad, and Mac. An Apple product can be called a shopping product, because it is
"more expensive than a convenience
product and found in few
stores," however Apple products benefit from the status of specialty products.
Apple also
offers a warranty. When you buy Apple's products, they have an option for
consumers to get warranty. The warranty prices ranges. It also can be free. For
example, if you buy an iPhone Apple will provide a year free of warranty. But for
instance if your iPhone screen gets cracked, in order to get a new screen it
would cost close to the amount that you would originally pay for an iPhone with
warranty. Apple has a 24 hours genius bar for all the technical help. Apple’s website provides all the detail for the
products warranty is available. Below is the link to Apples hardware warranties:
http://www.apple.com/legal/warranty/
Branding:
A company's brand name
is often its most valuable asset. The benefits to Apple as company for this
superior branding strategy are huge. It provides a fantastic platform for
future new products. Consumers continuously seek out their new products and
view them as the next generation with a cool image and technological dominance;
it will also provide them with superior pricing power over the long term. Apple is dynamically protecting and expanding
the trademarks around the iPhone. The link below provides all the trademarks used
by Apple:
http://www.apple.com/legal/trademark/appletmlist.html
Packaging:
Apple has set standards
even for packaging; its packaging is extremely impressive anyone who's purchased anything from Apple in the last
decade knows how beautiful an experience unboxing their products is. In fact,
there's a small team at Apple who take the subject very seriously.