Apple's iPod has been called "one of the greatest consumer electronics hits of all time." iPods have been sold in huge numbers,
and Apple captures a large share of the music player market. This success has attracted many large, resourceful competitors. The iPod is in the ________ stage of the product life cycle.
Answer:The iPod is in the MATURITY stage of the product life cycle.
Explanation:
maturity stage occurs long after the product has been introduced into the market and has undergone the stage of growth. This is a long term stage in which sales may begin to decline because the product has reached the maximum demand and the advertisement of the product doesn't have the same effect on customers as it used to be when the product was introduced.
This is a period where the company may need to keep up with the competition brought by other competitors especially for companies like IPod there are many other similar business such as Samsung but IPod has been fairly consistent in such that they are still one of the greatest consumer electronics hits of all time,which means they have been able to fight for their position on top in such that their product never lose that appeal on customers over time
Only businesses who innovate new ideas that keep appealing to customers are able to keep succeeding in this stage like IPod has done.
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