Group5_applevisionpro
Group5_applevisionpro
COMPANY PROFILE
MARKET ANALYSIS
SWOT ANALYSIS
THE LAUNCHING OF
APPLE VISION PRO
HISTORY OF APPLE'S FORMATION AND
DEVELOPMENT
APPLE’S SCALE
Apple is the most valuable technological business and one of the biggest
corporations in the history of the world economy, with a market valuation of over
$2.5 trillion as of 2024
Although Apple is present in almost all of the world's main markets, the most
significant ones are in North America, China, Europe, and India.
More than 2.2 billion Apple gadgets, such as iPhones, iPads, Macs, Apple
Watches,etc.
Vision
Apple's vision focuses on combining cutting-edge technology
with the best user experience, in order to “Make the best
products on earth and to leave the world better than we found
it.”
Mission
The Apple mission statement is “to bring the best user experience to customers through
innovative hardware, software, and services.”. The company is committed to:
Make items that are both aesthetically pleasing and very functional;
Create a smooth ecology that facilitates user interaction and improves productivity;
Safeguard user information and privacy;
Encourage environmental preservation and sustainability throughout the
manufacturing and operation processes.
BUSINESS PHILOSOPHY
TARGET MARKET
Apple targets high-income markets like DOMESTIC INVESTMENT STRATEGY
the US, China, Canada, India, and Japan
to optimize resources and maximize
business efficiency.
Apple plans to invest $500
billion in the US over four years,
creating 20,000 jobs and
expanding production with
facilities in Detroit and
Houston. However, much of this
may overlap with its prior
$430 billion investment plan
(2021), raising questions
about its novelty.
SWOT ANALYSIS
About Apple Technology and Market performance and Future strategies & plans
Vision Pro outstanding features feedback from users
Apple reduced Vision Pro
On February 2, 2024, The Apple Vision Pro features Apple Vision Pro sales fell short of production from 2,000 to 1,000
Apple launched the the M2 and R1 chips for real- expectations, with only 370,000 units daily due to negative
Vision Pro in the U.S., its time sensor data processing. units sold in the first three feedback. A next-gen model with
first spatial computing Its LiDAR and TrueDepth quarters of 2024. The high a more powerful processor is in
device blending VR and cameras generate a precise $3,499 price and heavy design development, set for release in
AR. Featuring an ultra- 3D map, while spatial audio cause discomfort, including 2025.
high-resolution micro- enhances immersion. The headaches and neck pain. While Apple launched the Vision Pro in
OLED display and advanced eye-tracking praised for its premium design China, Japan, and Singapore in
visionOS, it offers system enables intuitive and display, The Verge’s Nilay June 2024, with plans to expand
advanced hand and eye navigation using just your Patel noted occasional hand-eye to Australia, Canada, France,
tracking for immersive eyes. tracking issues, affecting the user Germany, and the UK in July
digital experiences. experience. 2024.
II.
STP Strategy
Europe 25%.
Asia-Pacific 20%
Latin America 5%
Originally, the product was only released in the U.S Apple is gradually expanding Vision Pro
but by mid-2024, Apple had expanded its market globally and that the company is aiming to
to many key regions and many other countries create a large AR/VR market.
DEMOGRAPHIC SEGMENTATION
Age
architects and
software UX/UI virtual
communication media editing 3D modeling
developers designers collaboration
professionals
Technology Multimedia
Professionals content experts
01
Emphasize appearance & packaging to increase product value
Increase recognition
2.2. TARGETING
2.2.3. ASSESSMENT OF MARKET Sales Decline: However, since April 2024,
SIZE AND MARKET DEVELOPMENT the number of customers interested in
and lining up to buy the Vision Pro at
Phase 1: Shortly after its launch in February
Apple stores has dropped significantly.
2024, Apple received more than 200,000
orders for the Vision Pro, generating
approximately $500 million in revenue.
Summary: Vision Pro is not only a VR device but also a major step forward
in technology, shaping the future of virtual & augmented reality.
2.4. COMPETITORS
DESIGN
DISPLAY
CONTROL
METHOD
APPLE VISION PRO META QUEST
Hand gestures, eye tracking, voice Controllers required
REAL-WORLD
INTERACTION
PERFORMANCE
PRICE
ADVANCED TECHNOLOGIES
Display: Micro-OLED with 23 million pixels,
delivering ultra-high-resolution visuals.
MARKET CHALLENGES
High price ($3,499) → Targets only
the premium segment.
Declining market share in Q2/2024
(from 16% to 3%) due to limited
affordability and competition.
Pricing Strategy
GOALS
TOOLS
DEVELOPING EXCLUSIVE CONTENT AND ORGANIZING VR AND AR SOCIAL MEDIA CAMPAIGNS AND
COLLABORATING WITH CREATORS EXPERIENCE EVENTS USER-GENERATED CONTENT
CONCLUSION