Apple again said to be trimming iPhone 5C production - 0 views
-
Yuqi Y on 19 Oct 13This article is about the launching of iPhone 5C was highly anticipated to be very popular in China. The truth was that apple has decided to trimmed the iPhone production by significant 35 percent while increasing production of the more expensive iPhone 5S by 75 percent to meet the increase in demand. This implies that Apple is very responsive to the change in the demand curve by increasing the supply curve quickly. Apple is an oligopoly, which is highly responsive to the elasticity to the demand by shifting the elasticity of supply in China.