GDP Growth of Apple Company Essay Example | Topics and Well Written Essays - 500 words

gross domestic product Growth of apple Company - Essay Examplend function be primarily a luxury good for individuals within relatively developed nations, the focus that Apple should check is upon representing the main focus of their strategy and advertising to those that kindle afford such products and services. Naturally, this will encourage Apple to take a broad overview of gross domestic product and purchasing power parity that exists within many dissimilar economies as a means of understanding what socio-demographic sectors and regions will most likely represent their consumer base.Taking the contingency of Europe as an example, one might be inclined to understand that the established and powerful western sandwich European economies are the main areas in which Apple should focus its marketing. However, this is non quite the case. Due to the revival of Eastern Europe over the past decade, the overall purchasing power of these individuals can non and should not be discount ed. As figure 1 denotes, counties such as Latvia , Lithuania, Estonia, and Poland have noted some of the most drastic GDP growth figures over the past few years.As such, Apple would be highly remiss if it did not recognize these emerging markets and seek to represent a strategic focus on selling products and services to individuals within them. However, with that being said, it should also be noted that the economies of Western Europe cannot and should not be do by either. As figure 2 denotes, after the 2007/2008 financial collapse that saw most of the worlds economies slow down significantly, Western European nations have posted impressive numbers for overall GDP growth. As such, a dual strategy should be employed by the firm as can be engaged through a relevant understanding of the statistics that have thus far been represented. ace such approach would be to offer lower price products and services within the Eastern European markets while offering higher priced goods and service offerings to those individuals within Western Europe. What is being described and defined is not