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The document provides an analysis of the smartphone market, highlighting the essential role of smartphones for various consumer groups and the factors influencing demand and supply. It notes that while demand has increased due to technology and online learning, high prices and economic conditions pose challenges. The market is generally balanced, but prices are expected to rise due to technological advancements and production costs, with a recommendation to focus on mid-range smartphones due to their high demand.

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4 views1 page

Project

The document provides an analysis of the smartphone market, highlighting the essential role of smartphones for various consumer groups and the factors influencing demand and supply. It notes that while demand has increased due to technology and online learning, high prices and economic conditions pose challenges. The market is generally balanced, but prices are expected to rise due to technological advancements and production costs, with a recommendation to focus on mid-range smartphones due to their high demand.

Uploaded by

7rgv9w2y9v
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Name: Husam A.H.

Bakroon
ID: 202502380

1) Product Overview
 Product: Smartphones
 Reason: Smartphones are essential and prices change often.
 Consumers: Students, workers, teenagers, and companies.

2) Demand Side Analysis


 Increasing demand factors: Technology, online learning, marketing,
installments.
 Decreasing factors: High prices and economic conditions.
 Demand change: Yes, the demand increased because smartphones are needed
for studying, work, and communication.
 Substitute products: Tablets, laptops, and smartwatches.

3) Supply Side Analysis


 Main producers: Apple, Samsung, Xiaomi, Oppo, Huawei.
 Factors affecting supply: Production cost, chip availability, global shipping,
and taxes.
 Supply change: Supply increased after chip shortage recovery.

4) Market Prices
 Budget smartphones: $150–$300
 Mid-range smartphones: $300–$700
 Flagship smartphones: $900+
 The price increase or decrease:increased because a new models came out and
the cost production
 The price response: response more to demand because the people always want
to buy the newest phones

5) Market Situation
 The market is mostly balanced, but sometimes new models face temporary
shortages due to high demand.
 Consumer reaction: Some wait for discounts, others choose cheaper brands,
while loyal customers still buy expensive models.

6) Conclusion
 Price depends on supply and demand: when demand increases and supply is
limited, price rises.
 Future prediction: Prices may increase due to better technology and higher
production costs.
 If I were a producer: I would focus on mid-range smartphones because they
have the highest demand.

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