The μPic Tablet By Team 7: Angie Ip Deneil Joseph Julia Yeung What is the μPic Tablet? Sleek, Modern, Advanced, Innovative Touch-screen with both Wi-Fi & 4G Connection Includes an e-reader, FaceTalk, 16-megapixel camera with 8X Zoom, 1080p HD Video Quality, password protection & Face Identity Recognition PRODUCT Characteristics 0.25in Thickness, 1.25 lbs, Processor Long Lasting Battery Life Bluetooth, Built-in Speaker, etc. Debut Color – Black & White MAIN FEATURES Instant connection to social networking sites Adobe creative suite 5.5 master collection programs included Lytro http://www.lytro.com/living-pictures/1698 SEGMENTATION The Target Market Who is the customer? Professional Photographers & Designers Kodak – World Leader in Imaging POINTS OF DIFFERENCE Advanced High Quality Picture & Video Taking Ability Instant Sites Photo Customization Access with Kodak & Social Networking Strengths Kodak Tablet is portable Easy to use, features are simple and operation with easy sharing features Compatible with any Kodak camera model Weaknesses Opportunities Only tablet that focuses entirely on photography Only tablet with the ability to create & order prints/albums/books directly from Kodak Ability to directly upload onto social networking sites Creates a new opportunity for business users to engage with others Provides only its picture taking feature as an advantage compared to other tablets in the market Not compatible with non-Kodak cameras Threats Increase competition from competitors may reduce our market share Other companies can develop a tablet that adopts the µPic’s picture customization feature in the future Creates new challenges for firms to be very sensitive with information, due to privacy concerns NEW PRODUCTS & LINE EXTENSION More colors will be available & special designs included Line extensions –for the price-concerned consumer—different sizes and different features available for the 2 other types of tablets available LINE EXTENSIONS 16-megapixel camera, no flash 16-megapixel camera with flash 16GB or 32GB memory 32GB or 48GB memory Instant connect button to all sites and Kodak Easy Share Instant connect button to all sites and Kodak Easy Share Adobe Photoshop Acrobat X Pro for Creative Suite Software- Design Premium 1024 x 768 resolutions 1024 x 768 resolutions Mono speakers LINE EXTENSIONS 16-megapixel camera with flash 48GB or 64GB memory 1024 x 768 resolutions Adobe Creative Suite 5.5 Master Collection with Easy Share button features Stereo Speakers with Clear Phase™ and xLoud™ technologies Full-size SD card slot; No adapters needed to transfer data Mini-USB port built-in Wrap-around design shifts tablet’s weight to your palm making it feel lighter BRAND EXTENSION Includes: Applications Kodak Lightweight, comfortable, designed for deep bass, and listening to music on the go; eliminates ambient sounds that interfere with the listening experience Kodak Tablet Headphones Tablet Printers Automatic connection to the tablet and the user can print out the same quality photo on their own PRICE The μPic A - $198 The μPic B - $224.99 The μPic C - $249.99 ~Price Lining PRICE DISCOUNTS Discounts on holidays (Black Friday & After-Christmas Sale) Special discounts sent through direct mail to frequent customers of Kodak Professional Photographers & Designers will receive a special discount, if they use Kodak frequently No Geographical Price Adjustments PLACE STRATEGY Retail Distribution Indirect Channel (Consumer Goods & Services) Kodak (Producer) Retailer (Best Buy, J&R, PC Richards) Electronic Marketing Channel (Kodak.com) Consumer (YOU) PROMOTION Advertising: Sales Promotion: Offer coupons and discounts Direct Marketing Mail – TV, radio, newspapers Brochures Publicity (Public Relations): Product launches FINANCIAL ANALYSIS Financial Element Cost Each Total after 4 Years Number of μPic A Sold $198 49,495 tablets Number of μPic B Sold $224.99 975,150 tablets Number of μPic C Sold $249.99 4,075,000 tablets Total Net Sales $1,266,083,760 total Sales Total Advertising Costs Varies Each Year $13,600,000 Variable Costs $40 each -$206,985,800 Fixed Costs $220,000 -$880,000 Total Profit +1,040,117,960 CONCLUSION The µPic Tablet changes the way people see images Kodak makes a profit for each one sold and does not sacrifice quality for its users Create a long-term relationship with its customers, due to many opportunities that it will create Raises Kodak’s brand as the world leader in capturing the memories, you want to share with the world