Luxury Portable Consumer Electronics

The luxury goods industry posted another year of positive growth in 2018, after a challenging 2017. The concept of luxury continues to shift in line with changing consumer values. Technology has been especially disruptive as it continues to ...

Luxury portable consumer electronics current retail value sales continued to decline in 2018, with luxury mobile phones now virtually non-existent. This can mainly be attributed to the unavailability of products from dominant player Vertu since ...

Sales of luxury portable consumer electronics in Romania were negligible in 2018....

Following the marked decline witnessed in 2017 due to market-leader, Vertu’s liquidation, luxury portable consumer electronics sales continued to fall in the final year of the review period. The category’s contraction results from the waning demand ...

Over the forecast period, luxury portable consumer electronics is expected to continue to see a steep decline, largely due to Vertu’s exit. In 2018, Vertu’s two boutiques, at Gaysorn Village and Siam Paragon, closed down. Moreover, there are ...

Luxury portable consumer electronics recorded a better performance in current value terms in 2018 than it did the previous year. This better performance was linked to the strong performance of luxury smartwatches, especially TAG Heuer Connected. In ...

Luxury goods represent a small niche of overall portable consumer electronics in South Africa, as they appeal to a limited group of people, namely connoisseurs and those with the discretionary income to purchase such items given their hefty price ...

There are only a limited number of people who purchase luxury portable consumer electronics in Indonesia. As a result, there were still only a very small number of brands available in the country as of 2018. These companies’ advertising activities ...

In July 2017, luxury mobile phones manufacturer Vertu, the absolute leader within luxury portable electronics in Italy, went bankrupt due to a GBP128 million accounting debt. Although in March 2017 Vertu had been acquired by Baferton Trading, the ...

Luxury mobile phones experienced another poor year in 2017, as evident from luxury smartphone maker Vertu going out of business in July. Following several transfers of ownership in its recent history, Vertu simply could not justify further production...

Sales of luxury portable consumer electronics remain negligible in Brazil, with this situation expected to remain unchanged over the forecast period....

There were no sales of luxury portable consumer electronics in Argentina at the end of the review period, with none expected over the forecast period....

Sales of luxury mobile phones declined again in China in 2018. Chinese consumers have a growing affinity with domestic mobile manufacturers Huawei and Xiaomi, and these Chinese brands are taking sales away from international smartphone manufacturers,...

The UK’s biggest luxury phone manufacturer went into administration in May 2017, after failed plans to save the company, which was once owned by Nokia. Given that Vertu represented a significant share of sales in luxury portable consumer electronics ...

Luxury mobile phones has been the category driving sales of luxury portable consumer electronics. However, it is reaching maturity, as companies such as Apple and Samsung, backed by their technological advances in mobile phones, have created more ...

One of the most common concerns for consumers in Hong Kong before purchasing luxury wearables was the lack of appreciation in the value of these products. Luxury watch buyers in Hong Kong consider whether the watch will have investment value before ...

Luxury mobile phones was not a dynamic category in France during the review period. This is not expected to change in the short term following the announcement of category leader Vertu’s bankruptcy in July 2017. Vertu’s disappearance is sending a ...

Sales of luxury portable consumer electronics remained negligible in Canada over the review period, and are not expected to develop significantly over the next few years. Luxury mobile phones have little appeal to Canadian consumers, who are more ...

Despite the demise of Vertu, luxury portable consumer electronics continued to grow in 2018, driven by a rising number of new products and increasing consumer awareness. As illustrated by the success of the latest series of smartphones, such as the ...

Luxury portable consumer electronics remained a small category in 2018, with Swedes generally preferring traditional watches to luxury wearables. Swedes do not aspire to own new luxury portable devices such as Michael Kors wearables like they do for ...