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eco journal 2 - revenue allow Apple to expand and improve...

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Ryan Pool Eco Journal 2 2/11/11 Nightly Business Report, PBS, 5:30 p.m. Journal 2- relationship between Demand and Profit In this episode of The Nightly Business Report, analysts compared and discussed the stocks of Verizon and AT&T as their prices pertain to the upcoming release of the iPhone on the Verizon network. Although it is unclear who will be the ultimate winner will turn out to be between AT&T and Verizon, analysts are certain that Apple is sure to benefit greatly regardless of the winner. The competition between the two networks show that there is a great amount of demand for the iPhone. By being the sole supplier of the iPhone, Apple is in a position of great power. Their supplying capabilities and incredible
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Unformatted text preview: revenue allow Apple to expand and improve in large amounts. The outrageous demand for the iPhone regardless of price gives Apple the ability to create huge profit margins using their virtual monopoly over supply. The story also shows the measures Apple is using to expand its market by opening up to two suppliers. By opening its doors to more demand, Apple has also welcomed unimaginable profit capabilities. This expansion is supposed to allow Apple to sell 70 million iPhones in 2011. Apple is a corporation that has learned to use its innovative ideas and technological advances to maximize its profit....
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