Business Drying Up for Luxury Phone Makers
Got a few grand to spare for a $3,000 phone? Yeah, we didn’t think so. Nobody does — and that’s a problem for the makers of luxury phones, such as Motorola, Bang & Olufsen, LG and Vertu.
After years of chasing the ultra-wealthy with exclusive devices that carry designer logos and promise craftsmanship from materials such as sapphire and stainless steel, luxury phone makers are now pulling back. ( Read All )
