Here is a chart of the iphone sales over the years

This preview shows page 4 - 7 out of 8 pages.

Here is a chart of the iPhone sales over the years. (Statista, 2019).
Image of page 4

Subscribe to view the full document.

Another product that Apple has released with a high supply and demand is the Apple Air Pods. This item has been very popular since Apple has released a true wireless headphone three years ago. Apple Air Pods are another item that has a high demand and limited supply. Since the release of the Air Pods it has been really hard to get your hands on them because they are always sold out in stores. The price for them has not changed over the past 3 years because they are one of the top sold accessories Apple has produced. “Air Pods are incredibly popular and we’re seeing them in more and more places, in the gym, in coffee shops, wherever people are enjoying music on their apple devices, “said Cook, following Apple’s earnings report. This product is a runaway hit, and we’re working hard to meet the incredible demand. For starters Apple reported $3.9 billion revenue from its “Other Products” category in the March quarter, an impressive 38 percent increase over the year-ago quarter. Apple said its wearable and home products like the Air Pods, Apple Watch, Apple TV, and Home Pod accounted over 90 percent of that growth” (Joe Rossignol, 2018).
Image of page 5
Here is a chart of the Apple Air Pods sales since 2016. (Phillip Elmer-DeWitt, 2018). When it comes to Apple supply and demand are very high with their products. With items like the iPhone and Air Pods this is a great example of how a company uses supply and demand to their benefits. When it comes to demand many of the consumers are always looking for the newest product that is out so it makes it hard to keep up with the supply needed to keep items in stock. Apple has a great system when it comes to pricing because they know people will
Image of page 6

Subscribe to view the full document.

Image of page 7
  • Winter '19

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern