Comment on Apple cuts 2024 and 2025 Vision Pro shipment forecastsparentComments−hcks2yEuropeans cannot afford it−zarzavat2yLVMH seems to do OK in Europe, there is certainly a thriving luxury market. Vision Pro is just not compelling enough to live up to the price tag.−lotsofpulp2y73% of LVMH revenue is from outside of Europe:https://www.lvmh.com/investors/profile/financial-indicators/−zarzavat2y10% of population but 27% of revenue, seems pretty fair to me - if you think that buying an outsized amount of luxury tat is a good thing!
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Europeans cannot afford it
LVMH seems to do OK in Europe, there is certainly a thriving luxury market. Vision Pro is just not compelling enough to live up to the price tag.
73% of LVMH revenue is from outside of Europe:
https://www.lvmh.com/investors/profile/financial-indicators/
10% of population but 27% of revenue, seems pretty fair to me - if you think that buying an outsized amount of luxury tat is a good thing!