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The bank has also cut expenses significantly to help drive profitability.
"We believe that this is the best way to drive profitability in the device business".
The company's choices reinforce one another to increase customers' willingness to pay, reduce costs, and thereby drive profitability.
Financial transparency, along with clear key numbers that everyone can focus on, can help to drive profitability and success.
Conceptually, companies that don't focus on price could still drive profitability through lower costs, but we never saw this.
The speech is expected to disappoint bankers, many of whom they still believe they can use innovative trading techniques and financial derivatives to drive profitability.
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For a list of the sorts of factors that companies can plug into their equations, see the sidebar "What Drives Profitability?" Indeed, the only drawback of this model is that it cannot be used to assess the effectiveness of broadcast advertising, where customer response is impossible to break down by individual.
"As we grow share," he says, "that really can drive the profitability, and that's the key for us to turn to profitability and then grow beyond".
"As business conditions improve, we are well positioned to drive greater profitability".
Loyal consumers "really drive brand profitability," believes Millward Brown, which is part of WPP, a big marketing group.
Instead he raved about the health of the NBC Universal cable channels, which drive the profitability of the division.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com