Marketing Concultancy Coursework Example | Topics and Well Written Essays - 1250 words

Marketing Concultancy - Coursework Example This is a big problem potentially for Apple because the new firms can tank iTunes music revenues, and seriously undermine Apple’s business model. The proposed solutions therefore rely on leveraging the formidable strengths and assets of Apple, including its large cash hoard and its venerable name, to come up with alternatives to Spotify in order to check the latter’s rise and to shore up Apple’s revenues in music subscription sales. This solution leverages key strengths, and also leverages emerging trends in cloud computing and the benefits to be had from harnessing technological progress in cloud computing. This report makes use of external environmental analytical frameworks such as PESTLE and Porter’s Five Forces frameworks, as well as a SWOT analysis, to properly assess the extent of the market problem and Apple’s condition relative to the external market challenge (Hunt 2011; Goldman 2010; Ausick 2013; Google Finance 2014; Schaefer 2014; Hinks 2014; McDuling 2014). Apple needs no introduction. The maker of the iPhone and the iPad is the most influential and the biggest name in technology, and its smartphone business and the ecosystem of apps, software, music and other digital content is the biggest in the world in terms of revenues and traction in the premium markets all over the world. The company is described as being in the business of providing both portable devices and computing devices for mobile communication and personal computing, together with the digital content, platform and apps that go with the hardware. Apart from the iPhone and the iPad, the company is also the maker of the Mac and the Apple TV platforms, together with software such as iOS and OS X, and iCloud. Content is aggregated via iTunes and the App Store. With a market capitalization of $ 661.67 billion, Google is the biggest tech firm