What can you say about Apple strategy?
Apple business strategy can be classified as product differentiation. Specifically, the multinational technology company differentiates its products and services on the basis of simple, yet attractive design and advanced functionality. First mover advantage is another element of Apple competitive advantage.
A Brand Built on Innovation
The main reason they manage to offer products like that is because they focus on innovation. By that, we don't mean they just create products that are new. They also make sure they are useful, they are likely to be adopted, and that they will lead to change.
Apple Keeps Its Product Presentation and Marketing Simple
Apple follows the philosophy of simple is better through their products, they don't overwhelm their targeted customers with too many choices, options or even parameters. Apple lets its products speak for themselves and keeps it's messaging and visuals simple.
Apple Inc.'s generic strategy is broad differentiation. This generic strategy focuses on key features that differentiate the company and its information technology products from competitors. Through the broad differentiation generic strategy, Apple stands out in the market.
Apple's success lies in a strategic vision that transcended simple desktop computing to include mobile devices and wearables. Both performance and design are key drivers of the Apple brand and its ongoing success.
Apple's growth could primarily be attributed to its business strategy. By combining its designing capabilities, hardware expertise, and software prowess, the company has built an ecosystem that a user doesn't want to leave. Vertical integration is another main reason that distinguishes Apple from the competition.
Apple's Ecosystem is the company's strongest competitive advantage, giving it unprecedented strength in withstanding disruption and competitive threats in its markets. Apple is fairly valued based on TTM P/E (4% / 16% undervaluation based Dividend Valuation / DCF Models).
They make the consumer feel good about themselves
This is probably one of the biggest reasons why people love Apple. It's because they make the consumer feel like they're somehow a better person for having the product. The story that they convey throughout their marketing is a powerful one.
Focus on value: Apple focuses on their Unique Value Proposition (UVP). Apple is not afraid to price its products based on their value. They market the UVP of their products, how they improve the aspects of their customers' lives and quote the price for it. Loyal customers see the worth and readily pay the price.
Apple's main strategy for increasing iPhone sales every year is a combination of pricing strategy, product innovation and community leveraging. Apple has been growing a strong community of die-hard passionate fans since the early 1980s when Guy Kawasaki became the brand's chief evangelist.
Why does Apple focus on the customer experience?
The customer experience strategy of Apple focuses on super-persuasive marketing for building strong Apple customer engagement. Building an effective Customer engagement is a subjective matter, but buyers love Apple products and become loyal customers.
Focus on Benefits. Offering customer quality services and products is perhaps the most important component of any customer retention strategy. Apple's customers are loyal in no small part because they genuinely enjoy the experience of using Apple products.
Apple's target audience consists of middle-class and upper-class users who can pay higher for products that provide them with an incredible user experience. This means that these users have a higher disposable income and are willing to pay more for as high-priced products as Apple's.
A survey by USA Today found that like many other smartphones, longer battery life is the most-wanted feature for Apple's new iPhone with 75 percent of those polled placing it at the top of their list.
But it also appeals to your intellect — it was created from the well-known story of Sir Isaac Newton discovering gravity with the help of the falling apple. This logo gives off an air of honor, wisdom and prestige and it gives the brand that same authority and credibility.