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 * ~  ||~ Student's Posts ||~ Teacher's Comments ||
 * Project A || [[file:IPAD PROJECT A.doc]][[file:Economics Project A.pptx]]

IPAD PROJECT A

An iPad is a hybrid of a laptop and a smart phone, common devices that we own today. The concept of a multi-touch plasma screen without any moving parts; powered by a network connection that could access and send data such as files and images, and on larger scales like media connectivity and libraries was first conceived nearly 40 years ago in the summer of 1972 by a well known computer researcher Alan Kay, and the gadget was named the Dynabook.

 The iPad’s stays at an attractive starting price of US$499. Even with such a low pricing, Apple is able to rake in high amounts of revenue due to clever marketing techniques that it brilliantly handles. Firstly, the low starter price is to indulge and lure potential customers into getting an iPad. Next, after the customer visits the Apple store, he might be inclined to purchase a higher end product, like the 64GB Wifi+3G iPad model. Last but not least, the iPad generates revenue not only by the first time purchase of the product, but in three ways – 1 from advertisers like Google 2 from the App Store where users purchase Apps 3 and from mobile providers.

Hence the Apple’s pricing of the iPad is an extremely smart strategy.

One product similar t o the iPad is the Samsung Galaxy Tab and it is quickly gaining on iPad’s popularity. It is significantly smaller than the iPad, which makes it much more convenient to carry about, at 7 inches. More recently, the Motorola Xoom has made its debut against the iPad, and is now the first real competitor to the iPad. It is the same size as the iPad and has significantly faster web loading time. One difference is the Xoom and iPad is that the iPad is not compatible with 4G networks but the consumers of the Xoom can choose to upgrade to 4G. All 3 products are high-speed high-resolution tablets that appeal to the masses. || You have not answer how the price of ipad is determined in the market.

What is the economic term that is used to describe this relationship of the product that satisfy the same needs or wants?

what about the Apple accessories? what is the economic term that is used to describe the relationship between iPad and these accessories? ||
 * Project B || [[file:IPAD PROJECT B.doc]][[file:Economics Project B.pptx]]

Consumer’s Point of View:  With a better state of technology, apple launched its second generation iPad, feels lighter and more nimble, and its newfound mobility means it has lost the annoying heft of the original model. It has a curved edge that makes it look a bit more 'space age' and, surprisingly, easier to grasp because you can curve your fingers more easily around the bezelThe production of the original iPad will also have to be cut down due to decrease in demand as for luxury goods like the iPad, consumers generally prefer the latest models even though they are more costly.

 With substitutes like the Samsung Galaxy Tab and the Motorola Xoom, which offers the same functions as the iPad and a speedier processer, at a lower price, consumers may choose them over the iPad, leading to a fall in the demand of iPad.

Producer’s Pont of View:  IPad 2’s entry price in the market is £439 for the 16GB Wi-Fi model is the same as the original iPad. Thus, with a better model of the iPad at the same price, the price of the original iPad would have to be lowered in order to attract customers to buy it. With lower profit per unit cost, producers will tend to produce less of iPad, causing the supply of iPad to fall.

Several key components in the new version of Apple's popular iPad comes from Japan, including the battery and the flash memory used to store music and video on the device. The iPad battery is manufactured by Apple Japan. Logistical disruptions may mean that Apple could have difficulties obtaining this battery as production at many Japanese manufacturing facilities has come to a halt following Friday's 9.0 earthquake and subsequent tsunami, which has left more than 5,600 people dead and destroyed swaths of the country. Due to nature circumstances, the supply of iPad may be affected due to the production process being disrupted. || Areas for improvements: Apple Inc. uses technology to innovates its product and releases the new iPad2 into the tablet PCs market. in doing so, the demand for iPad would fall, there is a change in taste and preferences of the consumers (IT geeks, Apple fans or ...). This lead to an increase in the demand for iPad 2.

good! || Good effort and adequate use of economic terms.
 * Presentation Materials ||  || Content accuracy: 9

Overall presentation: 8 The group has showed positive feelings about the topic and information was presented in a sequence which the audience can follow. ||