One method for discovering and quantifying those factors is the PEST analysis. Apple could enter more consumer products areas such as home appliances and cameras and directly compete with Samsung in those markets.
The Google Android operating system, which Galaxy devices depend upon, is not as popular with average people as iOS is. Apple has emerged as the dominant smartphone and tablet brand in some markets, such as the United States. If helpful when comparing more than one different market analysis, scoring can also be weighted according to the more or less significant factors.
The number of new consumer products Apple can bring out is limited. Companies should also consider their local and federal power structure, and discuss how anticipated shifts in power could affect their business.
Jim Makos, director at Weberiencethe digital publishing, web development and marketing company behind the Pestle Analysis website, says PEST can help companies improve their decision-making and timing. New capabilities like Samsung Pay will be critical if this company wants to maintain its position as an industry leader.
Improving free trade policies opportunity Stable politics in developed countries opportunity More free trade policies are created over time, especially with developing countries.
Weaknesses Samsung has not been able to match Apple Inc. The questions are examples of discussion points, and obviously can be altered depending on the subject of the PEST analysis, and how you want to use it. Additional free trade policies increase the opportunities for Apple to distribute more of its products to various markets around the world.
The rising use of social media is also an opportunity because it increases demand for digital devices like Apple products. Apple could be forced to assume that expense because of concerns about such devices in landfills.
Potential Impact of Economic Factors on Apple Increased labor costs in China could take away the cost advantage of some Apple products. Samsung is heavily dependent upon consumer electronics sales in markets with limited potential for growth, such as the United States and Europe, for much of its revenue.
This could lead to increased regulation and higher manufacturing costs at some point in the future. As previously explained, extended variations of PEST eg. You will be prepared to tackle future challenges.
On which point thanks D Taylor I am informed of one such variation, which featured in some coursework: Apple has already taken steps to address the opportunity to improve customer perception about its products by improving employment practices throughout its supply chain.
Apple has long been an investor favorite because of its strong revenue growth and high return on investment. In addition, the apps market is growing. On the other hand, the stability of the political landscape in many developed countries presents opportunities because Apple can expect minimal political issues affecting its business.
The firm has already taken steps to exploit this opportunity, such as through the iPhone, iPad, and Apple Watch. Please consider supporting us by disabling your ad blocker.A PEST analysis looks at how external factors can affect a business's activities and performance.
Here's how to create and use one. History of PEST Analysis In his book, Scanning the Business Environment, Francis Joseph Aguilar identified four aspects of the external environment in which an industry operates: Economic, Technological, Political, Social (ETPS).
PEST analysis A PEST analysis is used to identify the external forces affecting an killarney10mile.com is a simple analysis of an organisation’s Political, Economical, Social and Technological environment.
Porter’s Five Forces analysis is a model used for industry analysis. Apple plays a significant role in four businesses, namely the communication equipment industry, the music and video industry, the mobile phones industry, and the personal computer (PC) industry.
Pestle Analysis Of The Tablet Pc Industry. Fundamentals The tablet market: External analysis of the micro-environment The global tablet PC market continues to grow with shipments reaching million units in the third quarter of The rise in shipment from million units in the third quarter of to million units in the third quarter of can be attributed to the growing.
pest market analysis tool PEST analysis method and examples, with free PEST template. The PEST analysis is a useful tool for understanding market growth or decline, and as such the position, potential and direction for a business.Download