EXTERNAL REPORT ON APPLE / TUTORIALOUTLET DOT COM EXTERNAL REPORT ON APPLE / TUTORIALOUTLET DOT COM | Page 4

manufacturing mobile, due to the demand for change has increased in the industry. Horizontal integration and vertical integration has increased in this industry. Larger businesses obtain more appealing and potential smaller businesses. Acquisitions and mergers are higher in this industry. The industry has higher potential and capability to introduce new products frequently. There is a cut throat competition (Kunze, 2015). EXTERNAL REPORT ON APPLE, INC. 4 Performance: The performance in the technology industry is extremely good despite the industry facing tough competition from international industries such as Korea and China. The difficulty is attempting to increase market share because some brands are not flexible with their prices due to their products being unique and high quality. Researching and developing are continuous, and businesses in this market invest heavily into this to improve the market share and quality of their product. Moreover, this industry would not be able to survive without research and development. Modernization is the foundation for this industry, and it is impossible without having an