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Vertu Unveils Signature S Design Ultra-Luxury Phone; Report Says People Actually Buy Them
Ultra-luxury cell phone maker Vertu is in the news again for two new reasons: they?¯ve just officially updated their flagship designer cell phone and a new report from ABI Research says people are actually increasingly buying these opulent cell phones.

Following my review of the Vertu Signature, which can cost thousands of dollars and isn?¯t technologically interesting at all, Vertu (which really is the designer cell phone arm of Nokia) just released the Vertu Signature S Design.

While they still cost thousands of dollars (because they?¯re crafted from precious metals and gems), the Signature S Design finally has 3G (for faster data speeds) and Wi-Fi, which is a first for Vertu.

Even more, people are actually buying these status symbols. A new report from ABI Research says the yearly revenue for high-end cell phones is expected to eclipse $41 billion in 2009 and could reach $43 billion by 2013.

With Vertu not spending a penny advertising to U.S. consumers and with many around these parts entirely unaware that the phones exist, ABI Research says most high-end cell phones are being sold in Western Europe followed by North America and then Asia.

The report says slightly less than 6 million ?°luxury handsets?± are predicted to be sold in 2008.
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