A valuable capital in the cell phone industry is the consumers because revenue and profits depends on them who buy the companies’ cell phones.
A valuable capital in the cell phone industry is the consumers because revenue and profits depends on them who buy the companies’ cell phones.Tags: Barack Obama Inauguration EssayLiving Together Before Marriage EssayScholarship Essays For College StudentsWrite Thesis Statement DbqAcademic Essay ExamplesEvent Planning EssaysPersuasive Essay Sentence Starters
Most cell phone companies have a corporate headquarter that concentrates on the following to keep track of the company’s progress.
The cell phone companies require large capital to enter and remain in the market successfully.
Although camera phones are very popular, one factor that makes consumers dissatisfied is the picture quality, which is limited when these images are printed or sent: Cell phones are programmed allowing users to download applications onto their cell phones.
Such common downloads are of games such as JAMDAT Bowling.
The following report details cell phone industry analysis, which deals with cell phone manufacturers as well as cell phone services.
This analysis includes the dominant economic characteristics, Six Forces of Competition (Porter’s Five Forces of Competition), driving forces of the cell phone industry, strategic mapping of company strengths, the ease entry and exit into the cell phone industry, and the overall industry outlook.
The market is very competitive because they offer the same products and services, but has different physical attributes to the phones and different costs, which buyers have choices to choose from.
Companies want to provide the best products and services to attract buyers by lowering cost and improving products, which makes the cell phone industry very competitive. Some companies have suffered low profitability for merging with another company, which resulted in only four of the six companies that controls 80 percent of the market.
Companies also want to spread their companies out through franchises, because more offices mean more visibility in drawing consumers in to buying their products and services. Following the recent Sprint/Nextel merger, only four firms actually control 80% of the current market.
Since start-up costs for a cell phone service provider are extremely high, the threat of new entrants is low.