📈Apple's market share is rising despite a declining smartphone market.
💰Rising incomes across the globe favor Apple, which only makes expensive products.
🌐The network effect works in Apple's favor, as their products become better the more people use them.
🔧Apple carefully plans and releases features, maintaining a steady upgrade cycle.
🍏Apple's loyal fan base and seamless user experience drive customer loyalty.
Why is Apple's market share rising?
—Apple's market share is rising due to several factors, including rising incomes, the network effect, carefully planned features, and Apple's loyal fan base.
How does rising incomes favor Apple?
—As incomes rise, people can afford more expensive things, which naturally favors Apple, known for its expensive products.
What is the network effect?
—The network effect describes a product that becomes better the more people use it. Apple engineers their products to work seamlessly together, creating a strong network effect.
Why does Apple release features slowly?
—Apple releases features slowly to ensure they are polished and work seamlessly with their ecosystem. This strategy drives customer loyalty.
Why do Apple's loyal fans stay with the company?
—Apple's loyal fans appreciate the seamless user experience and the company's control over its ecosystem, which leads to a high-quality and reliable user experience.
00:00Apple's market share is rising despite a declining smartphone market.
05:25Rising incomes favor Apple, which only makes expensive products.
07:27The network effect works in Apple's favor, as their products become better the more people use them.
08:53Apple carefully plans and releases features, maintaining a steady upgrade cycle.
09:48Apple's loyal fan base and seamless user experience drive customer loyalty.
