Five Forces of Competition Model Coursework Example | Topics and Well Written Essays - 250 words

Five Forces of Competition Model - Coursework Example However, because of the quality of products coupled with a large portfolio of product brands, Apple has been able to survive the competition. Thus, because of the competition, Apple Inc.’s position in the industry cannot be challenged due to threat of entry of a new firm given the current trends of acquisitions taking place in the industry (Motorola acquisition by Google) is anything to go by implying new firms with same old or new technology will have to be acquired to survive competition from the already established companies. Finally, the strong bargaining power of buyers and suppliers is proving a challenge to Apple because the company cannot raise prices for its products due to availability of close substitutes (Michael, 2008). However, Apple has embarked on a strategy of developing differentiated high-quality products for its consumers, which seems to be giving the company a competitive edge due to customer loyalty. Ultimately, based on my analysis, I believe the industry is still young and lucrative for Apple Inc. to continue thriving if they keep on pursuing their goals of creating high-quality and pursue t he goal of goal of customized products for