NEW YORK, Jan. 30, 2014 /PRNewswire/ -- Vapor Corp (OTCQB: VPCO) has been able to grow its revenue at a significant rate over the past five years. The Compound annual growth rate (CAGR) experienced by Vapor has been nearly 253% for the period 2008-2012. Revenue grew by 46% and 34% in 2011 and 2012 respectively. The tobacco industry is undergoing some major changes and some global reduction in consumption volumes is visible, in many areas the value of the product is growing despite the volume drop, meaning tobacco is getting more expensive. This is helping to boost the e-cig market as consumers become put off by high costs, and the large tobacco corporations are moving to find long-term alternative sources of revenue.
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