Let It Burn: Electronic Cigarettes to Challenge the Dominance of Tobacco Companies
Since the invention of the electronic cigarette, the product had made steadily gained a strong following among smoker converts. Now, manufacturers of e-cigarettes are looking to face the big tobacco companies head-on to claim global smoking dominance

E-cigarettes currently account for less than one percent of the multi-billion dollar worldwide cigarette market, with the numbers obviously in favor towards the tobacco companies who produce genuine cigarettes. But since their inception, the electronic inhalers are growing rapidly, doubling sales every year since 2008 and may likely reach $1 billion in sales sometime in 2013. Such statistics have already placed executives from the major tobacco companies in red alert.
Wells Fargo analyst Bonnie Herzog compares e-cigarettes to that of Apple's iPhone when it was initally released out on the consumer market. Since its introduction back in 2007, the iPhone now dominates the smartphone arena and taking a large chunk of profits from more established mobile phone competitors, and she believes that e-cigarettes are poised to follow such a meteoric trajectory. Herzog adds: "Consumption of e-cigs may overtake traditional cigarettes in the next decade, and they'll only evolve and improve as time goes forward - at far less risk."
The big tobacco companies are already rolling up their sleeves to brainstorm ways to compete with the new kid on the block, given that e-cigarettes are have already been given the support and blessing by many health experts and doctors who have championed their use as cessation devices for those who want to quit the nicotine habit without experiencing any withdrawal symptoms commonly associated with going cold turkey or using nicotine patches as substitutes.
But only time will tell whether the rising trend of electronic cigarettes will ultimately convince the hardcore smokers to see the light and follow a new direction in the future of smoking.
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NYK E-Cigs is a leading brand of electronic cigarettes designed to suit the discerning tastes of those who love the pleasures of smoking without the harmful effects of nicotine.
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Website: www.nykecigs.com
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Tag Words:
e cigs, electronic cigarettes
Categories: Electronics