Sunday, March 28, 2010
Apple has run out of iPads
This article talks about how the demand for Apple's iPads is more than the supply of iPads, forcing Apple to push the iPad pre-order shipment date back by nine days. As of today, 240,000 iPads have been preordered online, and the least expensive is priced at $499.00 (the most expensive is $829.00). Obviously Apple makes great products, and it is amazing that people have such confidence in Apple products that it has actually created a shortage.
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4 comments:
This article shows a couple interesting things about Apple and about the economy. First of all Apple is a very good company and has sold many good products and would think they would understand the inventory they need in order to keep up with orders. Second, this backup of orders for a luxury item such as an ipad shows that the economy is slowly making a comeback.
I think that Ipad is a luxury item but this article shows not only a new upswing in the economy but is shows customer loyalty to apple in a down economy that we are still experiencing. A lot of customers realize that apple is more reliable than PC's and will still buy even if the price is a little bit higher.
This is very interesting considering all the negative news we hear about consumer confidence and spending. Obviously Apple is a trusted brand and thus their success if no surprise however the fact that demand has already exceeded supply is a good indication of the economy's recovery and consumer's willingness to start spending.
I just found this entire post interesting because we talked so much about Apple in class on Friday. When you consider how little Apple spends on production, their profits musy be astronomical because they are still selling out of products in the current economy. Innovation is critical to Apple's success and the invention of the iPad is just another example of this. I also agree with Kyle and Tara that Apple has done a good job being consistent and customer friendly, which means consumers will pay more for their products even in an economic downturn.
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