Compare and contrast competition in beer market with competition in Essay

Compare and contrast competition in beer market with competition in tablet devices - Essay Example Steverman from Bloomberg business (2010) reports that the dismal performance of beer market in the recent times could continue because with escalating cost of production, the competitive pricing is taking a heavy toll on the companies’ financial performance. While the import has significantly come down, the adverse impact on market of the premium brands like Coors, Sub-Miller, Anheuser-Busch etc is also significant. Trends show that in the present times, people increasingly prefer cheaper brands at home and institutional sales to hotels, bar etc have come down. Thus, the market conditions for beer have become very tough and beer companies must come up with highly differentiating products and innovative market strategy to meet the challenges of time. The tablet market, on the other and has been most enthusiastic with wide range of differentiating products within tablet digital products. The technological advancements have seen some amazing innovations in the field of communicat ion and data handling. The tablet digital products are the latest craze amongst the technology savvy huge customer base across the globe.