The Hispanic Millennial Generation

1249 Words3 Pages

Apple iPhone is one of the most successful consumer technology products ever created. It has dominated the Smartphone market since it was released in 2007. As Apple moves forward it is important that they do not ignore Hispanic Millennial, which comprises 25% of the up-and-coming segment of potential new customers. This report utilizes a number of sources and analyses trends within the Hispanic Millennial segment. It shows that the Apple brand and their products have a great reputation among the Hispanic Millennial segment and new products are not necessary. It also concludes that in order to keep the current brand image the price of the product is right. This analysis will explore the places iPhones are sold and focus on the importance of …show more content…

This Millennial generation represents one-third of the US population in 2013, which accounts for approximately 101MM people. Within this population, there are a growing number of Millennials with Hispanic origin and heritage. As of 2013 approximately 25% of the Millennial population was composed of those with a Hispanic origin, which accounts for approximately 25MM people in the US. The US Hispanic Millennial Population Research of this new and emerging population revealed many differences between the Hispanic Millennial, their non-Hispanic peers, and Hispanics within older generations. The majorities of Hispanic Millennials, approximately 59%, were born within the US and are second generation. Many of their parents speak Spanish and so it is common for Hispanic Millennials to be bilingual, speaking English in everyday situations but using a combination of English and Spanish within the home and with relatives. This generation is very proud of their Hispanic heritage, 67% of them want to be recognized as Hispanic; however they prefer to focus on Latino heritage rather than the specific ethnicities that may alienate those with roots in other countries. Although they are American born, they celebrate holidays and festivals from their countries of heritage with their families, and often keep up with Latin music, news, and …show more content…

In fact, 39% of Hispanic Millennials 18-29 report that they have had at least some college education, much higher than that of older Hispanic generations. This new generation is also very entrepreneurial and positive about the future. Most Hispanic Millennials in the US acknowledge that they are better off than their parents, in both terms of financial and social standing. Many see turmoil within the economic and social systems within their countries of heritage and are aware of their parent’s struggles, which make them more appreciative of the opportunities provided within the US. This positivity is conveyed in their entrepreneurial spirit, with 52% of Hispanic Millennials expressing a desire to start their own business in the

More about The Hispanic Millennial Generation

Open Document