The Nokia 3310
is developed by the Copenhagen Nokia site (Denmark) and released in the fourth
quarter of 2000. This phone sold extremely well, being one of the most
successful phones with 126 million units sold. However, this was back in the 2000. Now, the
Nokia 3310 is nearly forgotten by people with the extremely fast developed phone
industry.
In fact, people make fun of the phone and name it as the
"indestructible" phone.
The demand for Nokia 3310 had fall dramatically due to
several reasons. One of the reasons is new technology is brought into the
industry. For example, the touch screen smartphones offer. Besides than that,
the appearance of phones had changed over the year and become more and more
attractive. It makes consumers; especially the youth refuse to buy the Nokia
3310 anymore. Thus, the price of the phone falls dramatically due to the shift
of demand curve.
In fact, as shown in www.lelong.com.my,
the price of Nokia 3310 is set at around rm150 and yet there are no people
willing to buy it.
In conclusion, the price of certain product/service depends
on the demand of the good/service and of course the supply of the producers.
As simple as that. =)
Written by, Woon Wen Quan
SOURCES: www.lelong.com.my , http://en.wikipedia.org/wiki/Nokia_3310
good job
ReplyDeletethanks ! :)
ReplyDeleteinteresting theory. very special article. but at the last part, I do not understand about the supply of producers?
ReplyDeletehmm, it simply means that how much a producer is willing to produce a product. if the demand is high and the supply is low, definitely the price of the product will be higher, and vice versa.=)
DeleteHOPE IT HELPS.
Nice post! Keep it up! Can I ask you a question?
ReplyDeleteWill the substitute goods affect the demand for Nokia 3310?
haha interesting. However, in my humble opinion, i don think it will affect the demand for Nokia 3310. It is because the technology and appearance of the substitute will be too old too! says, Sony Ericsson r380, who will buy the model right now? =)
Delete