Electronic cigarette is predicted to generate more profits and revenue for Reynolds American Inc than conventional cigarette by 2021
Dallas, TX -- (SBWIRE) -- 09/16/2013 -- Electronic cigarette is expected to make more money for Reynolds American Inc than tobacco cigarette in 8 years from now. Reynolds American is famous as a tobacco manufacturer and currently has a 23.5% share in the conventional cigarette market place. As of now traditional cigarettes generates $6.3 billion revenue for Reynolds while the revenue generated by electronic cigarette is barely anything in comparison to it.
There is an estimate that electronic cigarette is likely to generate $4 billion revenue in 2021 compared to $ 3.9 billion by tobacco cigarette. This comes as no surprise as Electronic cigarette is popular and is generating a lot of market interest with big tobacco giants in the process of introducing their own electronic cigarette brands.
Electric cigarette are battery powered device which heat liquid nicotine and create a vapor imitating a smoke which stimulates the act of a tobacco cigarette but produces no real smoke or tar or any of the other chemicals associated with tobacco smoking. The popularity chart of electronic cigarette is marked both amongst user and amongst investors too.
Expert at DigitalSmoke.org say,” Electronic cigarette is a mushrooming market and more and more investors want to make use of the situation so as to generate more revenue. There is an increase in electronic cigarette users, people love it, electronic cigarettes reviews are a clear indication of this, which makes it necessary to rise to the occasion and adhere to the basic rules, when there is a market demand for a product, there must be adequate supply”.
DigitalSmoke.Org is a leading e cigarette review site that aims to inform e cigarette smokers about the best smokeless cigarettes brands available, based on reviews that are conducted in an impartial manner that does not favor any maker and distributor. All reviews are conducted by a team of highly capable skilled staff.
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