All posts tagged: splurging

Tell us: are you splurging on luxury goods you can ill afford? | Luxury goods sector

Tell us: are you splurging on luxury goods you can ill afford? | Luxury goods sector

[ad_1] We’re interested to hear about people’s spending habits in the area of upmarket or luxury goods, services and experiences, and whether they are generally happy with their spending on non-essentials. We’d like to know whether you have spent money on expensive non-essential items such as designer clothing, high end housewares, luxury holidays, expensive beauty or wellness treatments, or exclusive dining, for instance, in the past year, and if so, whether you have struggled to afford this. We’re also keen to hear whether your attitude towards spending on luxury goods or experiences may have changed in recent years, and which factors you believe may have contributed to this. Share your experience Tell about your spending habits regarding non-essential items and experiences, whether you live above your means in your view, and whether your attitude towards luxury goods and spending has changed in recent years. Your responses, which can be anonymous, are secure as the form is encrypted and only the Guardian has access to your contributions. We will only use the data you provide us …

Consumers are splurging on premium smartphones amid tough economic conditions, report says

Consumers are splurging on premium smartphones amid tough economic conditions, report says

[ad_1] Amid the declining smartphone market, premium devices are having their moment. These pricy devices made up more than half of the worldwide smartphone market’s revenue, according to a report from Counterpoint. The analytics company’s report says that premium devices (with a wholesale value of $600 or more) grew by 1% year-on-year in terms of shipment and captured 55% in terms of revenue. This is significant given the smartphone market showed a dip of 11% year-on-year for 2022 due to tough economic conditions. There is no prize for guessing the absolute winner of this market: Apple. The company had a mammoth 75% market share in the premium segment — sales grew by 6% year over year. Counterpoint mentioned that this growth would have been bigger if Apple didn’t face supply constraints for the iPhone 14 Pro and Pro Max. A graph on revenue share and market sales share of premium smartphones Image Credits: Counterpoint The Cupertino-based company also benefitted from Huawei’s decline in China, the report said. However, Honor — which spun off from Huawei …