The transcript discusses Apple's realization of the iPhone 5's deficiencies, particularly its lack of 4G compatibility. It highlights the challenge of meeting consumer expectations for innovation and Apple's strategy of market segmentation. The transcript also addresses Apple's difficulties in penetrating the Chinese market due to the iPhone 5C's high price point.

What was one of the main deficiencies of the iPhone 5 according to the video?

• Lack of 4G compatibility with many networks

• Poor camera quality

• Limited battery life

• High production cost

Why is it challenging for Apple to meet consumer expectations every year?

• Because groundbreaking breakthroughs are not always possible

• Due to the high cost of innovation

• Because of increasing competition

• Due to limited resources

How has Apple managed to maintain its premium brand appeal?

• By focusing only on high-end products

• By limiting product availability

• By offering products at different price points

• By reducing prices

What strategy has Apple used to target different market segments?

• Focusing on a single product line

• Reducing production costs

• Segmenting the market with varied product lines

• Offering discounts

What is a major barrier for Apple's iPhone 5C in the Chinese market?

• High price point

• Insufficient marketing

• Lack of brand recognition

• Limited features