Tobacco giant sees tipping point ahead for phasing out cigarettes [The Business Insider]
Philip Morris International Inc (PM)
Last philip morris international inc earnings: 4/21 06:59 am
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Source: The Business Insider
Tobacco giant sees tipping point ahead for phasing out cigarettes Read the original article on Daily Caller News Foundation . Copyright 2017. Follow Daily Caller News Foundation on Twitter . Thomson Reuters A tobacco giant estimates regular cigarettes could begin to vanish from markets in Japan and South Korea within five years, replaced by a new technology that greatly reduces health risks. Philip Morris International (PMI) is shaking up global tobacco markets with a device that heats tobacco instead of burning it, producing a more powerful buzz than e-cigarettes while eliminating much of the harms of smoking. PMI's iQOS product is proving a smash hit in Japan, where it debuted nationwide in April 2016, already eating up a large share of the total market in the country, reports Vaping Post. Sales are outperforming PMI's expectations, accounting for 7.1% of Japan's overall tobacco sales as of the first quarter of 2017. At this rate, PMI executives estimate traditional cigarettes c
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PM
Earnings
- 2/8/24 - Miss
PM
Sec Filings
- 4/2/24 - Form 4
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- PM's page on the SEC website