H2 ECONOMICS GUILIVERS TRAVEL

Done by:

Jeslyn Woon (5)

Valerie tan (12)

Vanessa Tang (13)

Kenneth Lee (18)

Sean lee (20)

INTRODUCTION OF IPAD

iPad is a line of tablet computers 

Apple released the first iPad in April 2010

ORIGIN OF IPAD

The iPad is released on 3rd April 2010

It ranges from $500 to $1000.

SALES OF IPAD

3 million of the devices sold in 80 days.

During 2010, Apple sold 14.8 million iPads

worldwide

FACTORS AFFECT ING THE DEMAND AND SUPPLY OF I PAD

Price of iPad

Income of consumers

State of Technology

Cost of production

PRICE OF IPAD

When the price of iPad increases, it affects the

market as consumers are not willing to pay so much.

Consumers, that are not able to buy, will be driven

out of the market.

INCOME OF CONSUMERS

Integrated Resorts (IRs) in Singapore has helped to

increase the tourism industry.

More people being employed..

STATE OF TECHNOLOGY

As technology advances and being the “Y”

generation we tend to be more tech savvy.

Given the advanced technology, suppliers have

better and more efficient ways of producing the iPad.

Therefore, the price of iPad decreases.

COST OF PRODUCTION

Producers aim to maximize their profits, so they

would try to decrease the cost of production.

It cost lesser to build factories in China and India.

In this way, the cost needed to produce iPad is

lesser

END

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