https://padlet.com/syeda_j/h7dqqvnkk09s Use your real name en-us 2018-01-23 06:36:31 UTC 2018-01-23 07:02:05 UTC hello@padlet.com https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647715 I think that Apple looks at the previous prices of their phones and the current prices of other phones on the market that they are competing with. They then decide the price from this.]]> 2018-01-23 06:56:53 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647715 https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647720 -if their customers can afford the price 
- They look at the prices in market the are competing with 
-Cost of Production 
-Previous years profits]]> 2018-01-23 06:56:57 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647720 https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647800 How much it cost to make the product
They also look at the the performance of the previous iPhone ]]> 2018-01-23 06:57:41 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647800 https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647802 Apple changes their iphones prices due to  many reasons:
-How many features the iphone has
-the cost of production 
-the amount of money gone into R&D
-If apple want to increase their profit margins 
-the prices of competition]]> 2018-01-23 06:57:41 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647802 https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647842 Apple decides its prices for its iPhones on the quality of technology and the overall labor put into it. Also given their target customers (their income/budget).
Their reputation will also account for it.]]> 2018-01-23 06:58:01 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647842 https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647853 apple decides what price to charge its new iPhones through market research and by fullfiling their customer needs. The price of production and competition also affect the price. ]]> 2018-01-23 06:58:07 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647853 https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647869 apple decides it price by looking at the prices of the previous models of their phones and they increase there price above their competition, however they assure if it is affordable to their target.]]> 2018-01-23 06:58:21 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647869 https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647908 Depends on cost of production, how much demand can be foreseen for the product in the market, And what price would be profitable but still affordable for Apples target market

Also depends on their financial status and their social status, if they are in financial trouble they might charge more, also if they have a high social status they can charge more because of their high reputation in the phone market]]> 2018-01-23 06:58:45 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647908 https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647921 * Apple looks at the people they are up against in the market and compare it to that
* Apple also looks at how many iPhones sold on the previous model
* What can their target market afford?
* ]]> 2018-01-23 06:58:51 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223647921 https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223648033 2018-01-23 06:59:56 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223648033 https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223648108 Apple decides on its price due to what the cost of productions are]]> 2018-01-23 07:00:32 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223648108 https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223648175 The price is also determined by what competition is promoting and anything that is quite popular at the time.]]> 2018-01-23 07:01:20 UTC https://padlet.com/syeda_j/h7dqqvnkk09s/wish/223648175