What products are best used with price skimming?

Below are the three situations when price skimming works best for certain products:

1. New Technologies: If an innovative product is being launched in the market, one can easily be benefited from using the price skimming strategy. Most electronic products and gadgets fall in this category.
2. Clothing and Fashion: Clothing and fashion brands use the price skimming strategy. The introduction of the latest styles and trends makes such products to be sold at high prices.
3. Automobile Industry: Automobile is an industry that leverages the price skimming strategy. The demand for a new model of cars is always high during the first few months.

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