Marketing strategies of smartphones producers

Vera D. Markova
1. Institute of Economics and Industrial Engineering SB RAS, Novosibirsk, Russia
2. Novosibirsk State University
Markova.pro@yandex.ru
Tzinlin M.
1. Novosibirsk State University
angeling232323@gmail.com
Ge C.
1. Novosibirsk State University
284777331@qq.com
The material was received by the Editorial Board: 21/07/2017
Abstract
Smartphones global market is one of the most dynamically developing markets that can be characterized by high level of competition. The growth of smartphones homogeneity, which is a reduction in difference between technical and functional parameters of smartphones produced by various manufacturers, can be considered the market’s specific feature. The unique situation of high-tech product homogeneity in a fast-growing market is scantily described in specialized literature. The article shows changeability of smartphones global market leaders and explains that the key success factor in such a mature market is marketing. Based on secondary information, marketing strategies of long standing market leader in sales Samsung and overtaking Apple companies are determined as well as strategies of contenders for leadership – Chinese companies Huawei and Lenovo. It is shown on Lenovo case that inexplicit positioning leads to a loss of the growing market share due to offensive marketing strategies of other Chinese companies. The research results broaden the knowledge of methodical potential of marketing strategies in companies’ activities in competitive markets of homogeneous high-tech products.

Keywords
marketing strategies, smartphones market, Apple, Samsung, Huawei and Lenovo companies



References

References: Markova V.D., Tzinlin M., Ge C. Marketing strategies of smartphones producers. World of Economics and Management. 2017, vol. 17, no. 4. P. 158–167. DOI: 10.25205/2542-0429-2017-17-4-158-167