E cigs have now passed $1 billion in sales. What was the cause of this surge in sales and what should we expect in the future.
Austin, TX -- (SBWIRE) -- 08/29/2013 -- The e cigs are truly here to stay and this was further confirmed by the announcement today that they have now passed $ 1 billion in sales and it seems that this was done ahead of schedule. Originally estimates were that for the entire 2013 year the total sales would be at a flat billion dollars. But now just a mere 8 months in to the year, e cigarettes have already hit that mark and there is no sign of a slowdown both in terms of sales and demand. Analysts at DigitalSmoke.Org now place conservative estimates for 2013 at $1.5 billion instead and chances that this figure will be surpassed are a high possibility.
The sudden surge in e cigarette sales is usually caused by such factors as the sudden decision by the FDA to ban all online sales of the electric cigarette. This is in light that there is currently no regulation that monitors the industry, and also there is not yet been a series of definitive studies into the effects of smoking e cigs. Thus all these sales are based on the claims by users that say that they have been assisted in reducing their usage of tobacco cigarette and some even claim that they no longer smoke them at all but instead are now smoking e cigs on a full time basis.
It has been analyzed that even though the start up costs of e cigs are more than for tobacco cigarettes, in the long term they will have a greater savings. This is a sign that even in these times of economic austerity, smokers are willing to make changes that will result that may seem expensive and but have enough faith in smokeless cigarettes to help them change their smoking habits.
All the former predictions of e cigs have now been proved to be inaccurate as it seems that amount of sales and demand is now being forecasted at higher figures than before. This can only mean that with such growth the timeframe for when e cigarettes will overtake tobacco cigarettes has just been shortened all in the pursuit to create the best e cigs.
DigitalSmoke.Org is a leading online portal that specializes in e cigarette reviews and related matters. All its reviews are done in a manner that is balanced and fair. They do not reflect biasness or an element of favoring to any specific brand or manufacturer of e cigs.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)