New Market Study Published: Luxury Electronic Gadgets in Russia
Mobile phones accounted for a 100% share of retail sales of luxury electronic gadgets in Russia in 2013. However, luxury mobile phones stagnated to record a negative current value CAGR of 17% over the review period. The economic collapse of 2008-2009 led to a decline in the Russian population's income levels, while the number of NHWIs decreased. As a result, luxury mobile phones sales dropped. Rich people switched to lower-priced mobile phones in the premium segment and postponed their...
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