Six in 10 affluent Millennials read user-generated product reviews when shopping for luxury goods, 55% have learned about a product in a store, but preferred to purchased it online, and 18% recommend luxury brand purchases through social network sites, reports the Luxury Institute.

FORBES: Meet The Millennial 1%: Young, Rich, And Redefining Luxury

Still, they're preferred by consumers by a wide margin, said Tim Alessi, LG's director of product development.

CNN: Electronics makers try to resurrect the third dimension

When an IBM product developer is in the market for parts, he goes online to a list of preferred suppliers.

FORBES: Evolution, not revolution