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3 years ago

Price involves charging a high price for a product initially then lowering the price over time

2 answers:

8 0

<span>Think of product when they first introduced in market. For ex. iphone introducet at the price of 700$. Since then, the price has dropped considerably even for a new model. The same is true for DVD, LCD, digital camera and many high-tech product.when company set a high intial price for the product the aim is to target a consumer who are willing to pay high price and buy product early. This way company recoup its investment in the product faster.</span>

Volgvan3 years ago

5 0

Events like this often occur in electronic products, which are initially very high priced in the market, but after they do another production or there are competitors who issue higher product specifications, the price of the product will go down from time to time.

<h2>Further Explanation </h2>

The selling price of mobile phones shows an increasingly expensive tendency from year to year. The price factor, along with market saturation and the lack of innovation, are the reasons Gartner's research institute predicts that the smartphone market will decline this year. According to Gartner, the number of smartphone shipments in 2019 will shrink by 0.5 percent, from 1.81 billion units in 2018 to 1.8 billion units.

Samsung Electronics Co Ltd reported a 56% second-quarter profit fell on Wednesday (7/31/19). That was caused by weak chip sales and lower semiconductor prices due to oversupply.

However, Samsung also claimed to face quite a lot of uncertainty that came up constantly in the memory and cellphone business in the second half of this. Samsung did not reveal its type of uncertainty on Wednesday, but the company said earlier that a trade war between China and the United States (US) had nearly its earnings.

Meanwhile, the cellphone business posted a profit of 1.6 trillion won quarterly, down 42% from a year ago, Samsung said. This is caused by a decrease in sales of its flagship model and an increase in marketing costs.

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Decline in gadget prices brainly.com/question/6979945

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Class: Middle School

Subject: Business

Keyword: prices, decline, smartphone

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