E-cig sales on rise

Analyst Bonnie Herzog of Wells Fargo Securities estimates that the total sale of e-cigarettes, inclusive of sales in traditional convenience stores and online “will be $1.7 billion by the end of the year,” (CNBC, 2013). More than double the profit made last year.

This is still dwarf compared to the sales of traditional tobacco cigarettes whose sales, according to CNBC, are still about $80 billion annually.

In saying that, Herzog, wrote in a recent report: “We have increased conviction that consumption of e-cigs could surpass consumption of conventional cigs within the next decade.”  Bloomberg Industries predict e-cigarettes will pass traditional cigarette sales by 2047 (Forbes, 2013).

src_adapt_960_high_1381280269660

 

 

Advertisements

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s