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Market Segmentation Of Apple Watch

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Market Segmentation of Apple Watch
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Market Segmentation of Apple Watch
The introduction of the new products in the market should be done skillfully to increase
the sales to the organization. Market segmentation is concerned with the identification of the
portions a market which is different from one another. Segmentation of the market will enable
the company to successfully promote its various goods to the different consumers to satisfy the
more particular need. Each and every customer has his/her needs and preferences which should
be met by the products in the market. Before launching a new product, the market should be
studied in advance.
According to the information in the article, I am convinced that the watch will appeal to
the consumers. Looking at the features of the Apple Watch you realize that its quality is very
high. The marketing of this watch can be well described using the three principles of market
segmentation and commercialization. We must look at the psychographics of the consumers, the
location or rather demographics of the customers and lastly their behaviors and attitudes.
According to Keach (2014), Apple watch is likely to be compatible with the just recent
additions of the iPhone 5 & 6. It has led to the narrowing down of the apple market share of the
new product. However, the product can be considered a treat for more loyal customers of the
new brand. According to the work of Solomon et.al (2012), segmentation can be categorized
broadly on demographics, psychographic and the behavioral attributes.
Looking into the variables of demographics, we can see that income social groups,
gender and age are considered one of the segmental variables. Most of the features which have
been provided with Apple watch put more emphasis on the healthy lifestyle and the ability to
remind on health routines. The watch also acts as the heart monitoring device (Apple, 2015).

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Market Segmentation of Apple Watch Name Instructor Institution Date of Submission Market Segmentation of Apple Watch The introduction of the new products in the market should be done skillfully to increase the sales to the organization. Market segmentation is concerned with the identification of the portions a market which is different from one another. Segmentation of the market will enable the company to successfully promote its various goods to the different consumers to satisfy the more particular need. Each and every customer has his/her needs and preferences which should be met by the products in the market. Before launching a new product, the market should be studied in advance. According to the information in the article, I am convinced that the watch will appeal to the consumers. Looking at the features of the Apple Watch you realize that its quality is very high. The marketing of this watch can be well described using the three principles of market segmentation and commercialization. We must look at the psychographics of the consumers, the location or rather demographics of the customers and lastly their behaviors and attitudes. According to Keach (2014), Apple watch is ...
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