Marketing Strategy For Apple Iphone in India
Marketing Strategy For Apple Iphone in India
Marketing Strategy For Apple Iphone in India
Submitted To:
Prof. N. B. Kanagal
Submitted By:
Akash Singh Bharti Vishal Harish Kumar Naveen R S Shika Surbhi Garg 1111003 1111016 1111029 1111042 1111055 1111069
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TITLE OF PROJECT
Marketing Strategy for Apple iPhone 4 in major Indian cities.
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A brief outline of the Project would run as follows: 1. History of Apple iPhone and its evolution a Global and Indian perspective 2. Analysis of Current Marketing, Promotion and Branding Strategy 3. Comparative Analysis of Indian Consumer's Purchasing Behaviour for smart phones 4. Recommend Target market, Product Repositioning and Marketing Methods 5. Recommendation for building brand awareness by communicating customer benefits and product differentiation The limitation of the project can be the skewed output of the primary data research in light of the fact that the sample population used for the purpose may not be a representative one for the entire smartphone market in India. Gathering quantitative information from Apple Inc. might not be possible. Other limitations might be ability of respondents in conveying their behaviour accurately and other biases that marketing research tools may suffer from.
METHODOLOGY
The Project will broadly consist of the following 3 phases: A) Data Collection through Primary & Secondary Research
Primary Research
Secondary Research
1. Primary Research: This step includes various kinds of interviews, questionnaire preparation etc. where we will identify customer segments, the nature of service expected, to gauge the market demand, brand image, brand perception, customer satisfaction levels, current competitors and other primary data. 2. Secondary Research: This step will involve gathering of understanding from already published data and previous studies done in this field.
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3. Data Assimilation and Interpretation: This step deals with the assimilation of all data collected in the above steps. Analysis and Interpretation of Data collected as above using the various marketing tools. B) Formulation of the most appropriate strategy in light of the above analysis and interpretation
DELIVERABLES
Based on the analysis of Indian Smartphone consumers buying behaviour, the following recommendations will be proposed: 1. Changes (if any) to the positioning for iPhone 4 from a luxury item to a broader segment including middle and high income groups 2. Effective usage of marketing and distribution channels. For eg. should Apple start promoting its products through TV advertisements, or increase their distribution base, etc. 3. Ideas for increasing popularity in the market and brand awareness by communicating differentiating features of iPhone 4.
REFERENCES
1. www.apple.com/iphone/ 2. http://hbswk.hbs.edu/item/5729.html