Professional Documents
Culture Documents
Dr. Patwardhan
24 September 2021
Hindman, Hinson, Speranza, Stansell
SWOT Analysis
Strengths Weaknesses
Creates products that are simple to Extremely competitive industry (wearable
use technology)
Elegant technology and Industry is quickly growing and
appearance in products developing
Products aid in reducing Multiple other large companies with
complexity in lives of users similar products (Samsung, Fitbit etc.)
Is a humane brand Other companies produce very similar
Sincere connections with variants of theirs
customers High prices
Associated with cutting edge and
with high-quality content
Consumer perception of superior
quality
Brand is so ubiquitous the world
seems to revolve around it at times
Effective advertising
Opportunities Threats
The market size is projected to Improved technology by other
grow by 2026 the worth has the companies
ability to double in 4 years. Increasing price range
Creating a new sophisticated Limitations compared to
display that can be individualized, companies selling at lower prices
with growth in tech COVID-19’s effect on sales and
Further develop functional aspect labor
like fitness and health of the wrist Lawsuits because of property
wear claims, the replacement of devices
Adding functions to the wrist wear and slowing software after updates
that lets the user easily connect
with people.
Growing their market share
beating their previous share of
35%
The wrist wears battery life could
be improved
Strengths Explanation:
Apple creates products that are relatively simple to use, as one example of its strengths:
this feature has allowed for apple products to appeal to a large demographic as those relatively
unfamiliar with the technology in years prior may yet learn how to use it effectively. This is
important in that it allows for more universal consumer appeal. The elegant tech and appearance
creates an interest in buyers as well, and the products reduce the complexity in the lives of their
users in that they allow for ease of social interaction and of use of the day’s time. This is
important in that it allows for the brand’s import in the daily lives of its customers. Apple is a
humane brand, and forms sincere connections with customers by connecting to them in its stores
and in the online spaces related to their products. This is important because it allows for a “face”
to the brand. Apple’s ads allow it to be associated with the cutting-edge and with superior
content, as do the use of its products online in the creation of quality content, which lends itself
to the perception of superior quality, important in that it facilitates positive concepts of the brand.
The brand’s being ubiquitous is demonstrated in that it is catered to in a great deal of online
content, important in that it establishes the brand as a major “player” in the technological field,
and its effective advertising establishes it further in the mind of its consumers.
Weaknesses Explanation:
Apple is a powerhouse when it comes to technology and sales. With that being said, they
are selling in one of the biggest industries of all time, technology. Specifically wearable
technology. As stated in the brand analysis, the biggest competitors for the Apple watch include
Fitbit, Samsung, Garmin, Sony corporation, HTC corporation and more (Wearable).
Statistically, “Apple controls about a 49.7% share of the global smartwatch market. The
company is the clear leader in the market. Samsung, the closest competitor, only has a 13.4%
share. Fitbit (NYSE:FIT), which agreed to sell itself to Google for $2.1 billion, controls an
11.3% share of the smartwatch market” (Gupta). Apple must campaign carefully as it ranks so
Apple is so popular and successful that it would be a risk to ever change anything
significant about their branding. If they feel it's needed for competitors the risk is backlash from
customers who are comfortable with what Apple is right now as a brand.
Although an essential these days, some still view the brand of Apple as a luxury brand.
This may be considered a weakness as people may be compelled to choose a cheaper less
Opportunities Explanation:
Apple is a very popular brand when it comes to most of the products they offer especially
for wrist wear. As seen from the SWOT analysis above the market share that Apple is a part of is
projected to double in the next 4 years. If Apple focuses and applies new designs and features the
brand could grow their market share even more. Since Apple is all about connecting users and
the functionality of the gadgets they sel, the brand could continue to improve the design and
features offered on the wrist wear. In the process of updating the design and features of the wrist
wear if apple could create a new sophisticated display that can be individualized to each user
while continuing to grow the technology aspect with incorporating health, fitness, new ways to
connect to others, and improving the battery life on the device it could really help further the
Threats Explanation:
COVID had a large impact on Apple at the start, affecting labor and sales due to stores having to
close, lack of public interaction in in-person stores, and quarantines. Apple was able to actually
raise sales by the end of 2021, but COVID uncertainties in the future still can hold hidden threats
and obstacles to the companies. Apple has also dealt with a decent number of lawsuits recently
and over the years that have harmed their reputation- one large lawsuit they paid due to slowing
down phones after updates and new releases. That lawsuit was in early 2020 but one many still
remember because of the large impact on Apple’s reputation and older phones. Apple’s steep
price range also limits the amount of people that can buy their product- and while they’re
targeting a wealthier group, that gap leaves room for knock-off companies or cheaper ones to
Apple stands for creative freedom and power. Customers who use Apple are provided with the
power to easily create and empower themselves.
b) Personality?(of brand)
Apple has built their marketing around their watches as items that fulfill or help an individual
reach a "creative" and "active" lifestyle. This creativity and activity that Apple pushes so hard in
their commercials and marketing plays a large role in their brand.
Work Cited
Gupta, Ruchi. “Apple's Smartwatch Business Soars, Competitors Fall Behind.” Market Realist,
“Wearable Technology Market Size, Share & Trends Analysis Report By Product (Wrist-wear,
………....Eye-wear, Head-wear, Foot-wear, Neck-wear, Body-wear), By Application, By …..
…...Region,.And Segment, Forecasts, 2020 - 2027” Grand View Research. Market Analysis …..
…...Report,..June 2020, https://www.grandviewresearch.com/ industry-analysis/weara
………..ble-technology -market. 16 September 2021.