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You are given the actual sales volume for iPod, what used to be one of Apple's popular electronic products. The data covers 12 years of

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You are given the actual sales volume for iPod, what used to be one of Apple's popular electronic products. The data covers 12 years of sales data, from 2002 until 2014. Your task is to create a product life cycle graph for the iPod as shown on page 295 of the textbook. The product lifecycle is also available in the lecture slides for Chapter 9. Your life cycle graph should clearly identify the introduction, growth, patwrity and declining stages for the iPod. You should show the unit sales in the vertical axis and the calendar years (i.e., time) in the horizontal axis. Once you create the product life cycle graph, answer the following questions: 1. In which years did the introduction stage occurred for the iPod? Explain your reasons in one paragraph of three to five sentences long. 2. In which years did the growth stage occurred for the iPod? Explain your reasons in one paragraph of three to five sentences long. 3. In which years did the maturity stage occurred for the iPod? Explain your reasons in one paragraph of three to five sentences long. 4. In which years did the decline stage occurred for the iPod? Explain your reasons in one paragraph of three to five sentences long. 5. Finally, explain why the iPod declined. You can use online sources to answer these questions. Again, your answer should not be more than one paragraph of three to five sentences. Table1: iPod unit sales data from 2002 until 2014 Calendar year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Unit sales 0.4 million units 0.9 million units 4.4 million units 22.5 million units 39.4 million units 51.6 million units 54.8 million units 54.1 million units 50.3 million units 42.6 million units 35.2 million units 26.4 million units 14.4 million units

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