What is PEST analysis for Apple?
Apple PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand.
What factors affect Apple?
There is a wide range of economic factors that affect Apple directly, as well as, indirectly. These include overall macroeconomic climate in the market, inflation rate and interest rate, as well as, foreign currency exchange rates.
WHAT IS A PEST Analysis example?
Examples include: Economic trends, growth rates, industry growth, seasonal factors, international exchange rates, International trade, labor costs, consumer disposable income, unemployment rates, taxation, inflation, interest rates, availability of credit, monetary policies, raw material costs, etc.
How do you write a PEST Analysis?
Here’s how to write a PESTLE analysis:
- Start political.
- Move on to economic factors.
- Examine social influences.
- Look at technological factors.
- Understand the impacts of the legal system.
- Study how environmental changes affect you.
Which external factors affect Apple?
In Apple’s external analysis case, the following technological external factors are the most significant:
- Growing cloud computing demand (opportunity)
- Increasing technological integration in businesses (opportunity)
- Growing mobile market (opportunity)
- Growing technological capabilities of other firms (threat)
What is PESTLE analysis used for?
A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making.
How do you do PEST analysis?
How to conduct a PEST analysis
- Identify the political factors. Conduct internal research to identify what types of laws or policies impact you, such as the below:
- Identify the economic factors.
- Identify the social factors.
- Identify the technological factors.
- Determine necessary action.