Elasticity and inelasticity of demand refer to the degree to which demand responds to a change in an economic factor. Price is the most common economic factor used when determining elasticity.

The law of supply and demand is a fundamental concept of economics and a theory popularized by Adam Smith in 1776. The principles of supply and demand are effective in predicting market behavior.

Ross Young, supply chain analyst at DSCC, has recently published a report outlining demand struggles for Apple’s M4 iPad Pro. The new iPad Pro models debuted in May, and initial demand seemed ...

Apple’s iPhone 16 Pro model is seeing weaker demand than expected following its release, according to a report by analyst Ming-Chi Kuo. Based on a supply chain survey and pre-order data ...

However, the iPhone 16 Pro Max remains in fairly strong demand, being the most popular model by far. The evolution of delivery times for a particular device is usually a good indicator of demand ...

Availability of the iPhone 16 range is gradually improving five weeks post-launch, with the iPhone 16 Pro Max's slower than expected change indicating there's more demand for the premium option.

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In a note to clients — as noted by AppleInsider — the J.P. Morgan firm says the demand for the iPhone 16 Pro Max is high. Overall, demand for the iPhone 16 products seem to be inline for those of the ...

According to a new report, demand for the latest iPad Pro has fallen well below the numbers Apple initially projected. Earlier this week Display Supply Chain Consultants (DSCC) released an ...

iPhone 16 series first week pre-order sale Compared to last year's demand for the iPhone 15 series, Apple's flagship iPhone 16 Pro and Pro Max models are seeing muted demand. The report ...

highlights a scaling back of production of the M4 iPad Pro's OLED panels, suggesting that Apple may have overestimated the demand for its latest tablet. According to Young, the number of panels ...