Question: For Iphone Does demand seem to be elastic or inelastic and why? What is the current pricing strategy in each targeted segment and should pricing

For Iphone
Does demand seem to be elastic or inelastic and why? What is the current pricing strategy in each targeted segment and should pricing be changed?
What competitors have similar strategies and what other possible threats should the company consider?
What impact to you believe your pricing decision will have on profitability and sales?

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