Band 6+: The bar chart below shows the estimated sales nationally of silver goods in '000s of units for two companies next year. The pie chart shows the projected market share of the two companies in silver goods at the end of next year. Silver goods refer to CD players, Walkmans etc. Write a report for a university lecturer describing the information shown below. You should write at least 150 words.

In the following year, meteor products Ltd and Mark Jones Ltd expect to sell silver goods. Another thing is that the pie chart tells the market sales over the period of the year.

Overall, it can be anticipated that both businesses’ sales will rise, while the other companies hold 50% of the market.

At the start of the year, Mark Jones Ltd outweighed Meteor Products Ltd significantly, around 450,000 units sold in January compared to Meteor Products Ltd is just 100,000. However, the difference can be seen throughout the year. While both companies show an increase in sales, Meteor Products Ltd showed a more rapid increase especially in July until December. In December, Mark Jones Ltd showed an impressive result with around 900,000 units sold, however Meteor Products Ltd reached around 700,000 units sold.

From the pie chart, Mark Jones Ltd maintained the longest market share in 30%. However, Meteor at 20%. On the other hand, 50% remaining market share is distributed to another company. This tells that, even though Mark Jones Ltd is leading in both market and sales, Meteor Products Ltd is facing a more difficult problem in the future.