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Consider the photo above of Apple's iPod.Apple entered the MP3 player market with its iPod device in 2001.Today,Apple sells four iPod product lines (classic,nano,shuffle,and touch) .By 2014,Apple had a 70 percent share of this market.However,global MP3 music player unit sales over the past few years have fallen dramatically and are expected to decline further by 2016 as smartphones continue to replace MP3 devices.In addition,MP3 sales may be adversely impacted with the expected launch of wearable digital watches.Apple's iPod SBU appears to be a __________.
State
A political entity characterized by a defined territory, population, and government with sovereignty over its domestic and international affairs.
Sole Proprietorships
A form of business entity owned and run by one individual where there is no distinction between the owner and the business.
Million
A numerical term representing one thousand thousands, or 1,000,000, used often to describe quantities or amounts in demographic, financial, and statistical data.
United States
A country located in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.
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