A real-world example of a product's release cycle can be seen in the development of a new software application. The cycle begins with the planning phase where the team identifies the features to be included in the release. This is followed by the design phase where the user interface and experience are planned out. The development phase comes next where the actual coding happens. After this, the product goes through a testing phase to identify and fix bugs. Once the product has passed the testing phase, it is ready for deployment. The final phase is the maintenance phase where the team works on updates and fixes based on user feedback.
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