The cigarette organization is changing. While still profitable, the billion-dollar industry has, the first time in their history, some interesting competition for its marketshare.
Companies like Icon Vapor (OTCPK: ICNV) are turning traditional tobacco smokers into electronic cigarette and, according to financial analysts, could possibly be the next investing wunderkind.
“There’s an enormous potential ability to convert the planet clear of hazardous, unsafe, cancer-causing cigarettes to a better, cleaner, healthier alternative,” says Daniel Balsiger, president of Icon Vapor. “Along with the time is currently.”
The marketplace for vapor cigarettes — battery-powered inhalers that turn heated, nicotine-laced liquid into vapor — is now small, but growing quickly.
Inside a blog a year ago for the Motley Fool Network, Ilana Greene, a writer and an affiliate the financial website, wrote that, ” best vapor e cigarette are a healthy investment for casual and everyday traders mainly because it [the vapor cigarette industry] is a $300 million market … and has the development potential to turn into a $1 billion market share within 36 months.”
Moreover, financial reports through the Wall Street Journal reported that this vapor cigarette industry made $500 million in 2012, while Wells Fargo Securities noted that sales would top $1 billion this past year. (At the time of this printing, actual sales figures were not available.) Although the marketplace for vapor cigarettes continues to be relatively dexrpky13 in comparison to overall cigarette sales, usage of the smoking alternative keeps growing at exceptional rates. Therefore, investors are expecting a boom from the fledgling sect of the cigarette industry.
Balsiger agreed that investors would prosper to go into on the ground floor, citing development of 300 percent within the vapor market, with sales reaching $10 billion over the following five years.
“Our goal at Icon Vapor is that will help you tap into the $800 billion dollar opportunity which is currently belonging to big tobacco,” he says. “The time is right, as well as the vapor market is exploding.”
It could follow that if you wish to spend money on the vapor e juice, you’d be making a wise choice. In case you choose Icon Vapor, you’d be making an even wiser one.