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Luxury Sector Eyes Reopening of China

After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023.The world's largest luxury group LVMH posted a 23 per cent jump in sales to a record of €79 billion (US$86 billion) in 2022 and saw profits climb 17 per cent to €14 billion.The company's chief executive, Bernard Arnault, wants to co...

(Patent) Adobe Patents A Pose Recommendations Using AR

Adobe wants you to strike a pose. The company is working on software which offers “pose recommendations” in a camera’s viewfinder using AR."PROVIDING CONTEXTUAL AUGMENTED REALITY PHOTO POSE RECOMMENDATIONS"The present disclosure relates to systems, non-transitory computer-readable media, and methods for generating and providing pose guides that are tailored to a context of a camera viewfinde...

Sequoia Capital’s Investment Strategy : How the VC is Keeping Its Faith in Fintech

CBInsights identify Sequoia Capital’s top priorities in fintech across capital markets, payments, payroll tech, and more.Sequoia Capital is one of the world’s oldest and most accomplished venture capital firms, with its long list of early tech investments-turned-home runs including Airbnb, Apple, Instagram, Square, and WhatsApp. While 2022 was a down year for venture capital at large, Sequoia...

(Video) First Wearable Device for Vocal Fatigue Senses When Your Voice Needs a Break

People such as singers, public speakers and teachers run the risk of injuring their vocal cords through overuse. An experimental wearable system is designed to help keep that from happening, by warning users as they approach their vocal threshold.The setup is being developed by "a team of materials scientists, biomedical engineers, opera singers and a speech-language pathologist," led by Northw...

BCG - 5 Pricing Moves for CPG in a Cost-of-Living Crisis

Global inflation and declining real wages have plunged consumers into a cost-of-living crisis. Many consumers in developed markets believe that their own country is already in recession and expect that inflation—which hit 40-year-highs in major economies in 2022—will remain elevated for the next two years.[click to enlarge]In response, consumers are changing their buying behavior. They are sp...

Cultural Capital Is The Key To Louis Vuitton’s Luxury Lead

Louis Vuitton’s recent bombshell appointment of Pharrell Williams as its new menswear creative director may have surprised some observers, but the move makes perfect sense as luxury brands are moving from merely selling products to becoming cultural influencers.Though cultural capital creation is the new savoir faire in luxury, what many brands underestimate is that building and wielding cultu...

How the Metaverse is Making Money

Statista’s Advertising & Media Markets Insights estimates that worldwide metaverse revenue will stand at $490 billion in 2030. This is a comparatively conservative forecast. Other analyst companies assume a market volume of between approximately 750 and 1,700 billion U.S. dollars.For the Statista outlook, the term metaverse is defined as a virtual world or a collection of virtual worlds th...

This Speaker Design Transforms Into a Chair to Create a Personal Listening Space

Every day, our eyes and our brains are bombarded with visual stimuli, especially from the smartphones we are glued to most of the time. Even for the younger generations, there is a tipping point when things become too overwhelming, so many of them retreat to music of varying genres for a reprieve. That often involves putting on headphones for a bit of privacy, but such accessories do remove one...

What's The Apple's Most Popular Product ?

While the iPhone continues to be Apple's most popular product, the Mac sits in fourth place, after both iPad and Apple Watch.The latest analysis from Consumer Intelligence Research Partners (CIRP) examines product ownership among Apple customers and which categories are dominant. For example, almost 90% of Apple customers own an iPhone, while the iPad follows at 73% in second place.Apple Watch...

 

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