Philip Morris International’s IQOS Faces Struggles in U.S. and Abroad

(Tobacco Business) Philip Morris International has stated many times in recent years that it is working towards a smoke-free future and its made investments in new categories outside of the traditional combustible tobacco products that helped build its name and company in generations past. IQOS, a heat-not-burn device, has already been distributed and commercialized in international markets and in a small way in the U.S., but recent news suggests there are some issues facing this new product as it struggles to gain traction. Continued

IQOS Sales and Availability in the U.S. Slowed by COVID-19

(Tobacco Business) According to Goldman Sachs’ Bonnie Herzog, the rollout of Philip Morris International’s heat-not-burn device IQOS has been slower than expected, mostly due to the COVID-19 pandemic. Despite the slower than expected introduction of this new product in the U.S., Herzog still believes there is opportunity in the heat-not-burn category. Continued

THE PROSPECTS FOR HEAT-NOT-BURN

(Tobacco Farmer Newsletter) Heat-not-burn products could be a better alternative tobacco product than e-cigarettes, at least as far as American farmers are concerned. Blake Brown, N.C. Extension economist, said at the recent N.C. State virtual field day that the promising PMI product IQOS has received FDA's "modified risk" status, which increases the chance that it might achieve full marketing soon. Continued

Philip Morris USA Announces Third Market for IQOS

(CSN) Philip Morris USA Inc. (PM USA) is preparing to bring its heat-not-burn tobacco product, IQOS, to a new market in April.
The move into Charlotte, N.C., will come six months after the operating company of Altria Group Inc. began commercializing the alternative tobacco product in the United States.
IQOS is a key piece of Altria's noncombustible platform thanks to a pact between PM USA and Philip Morris International (PMI), the international tobacco leader behind the heat-not-burn product. Continued

Philip Morris International Beats on Earnings as IQOS Surges

 

(Motley Fool) … While traditional cigarette shipment volumes continued to fall as expected, gains accrued in heated tobacco for both shipment volume and market share. And that doesn't even include the potential benefits of being sold in the U.S., the world's largest e-cig market, as the devices have only just been introduced here. As they move from the Atlanta test market to national prominence, Philip Morris can hope for even stronger future results. Continued

Altria Launches IQOS in Atlanta

 

(Tobacco Business) Altria has officially launched its popular heat-not-burn device, IQOS, in the U.S. with the official opening of its IQOS-branded store in Atlanta.
Altria’s IQOS store opened on Friday, Oct. 4, 2019 in Atlanta’s Lenox Square Mall. An employee is posted at the entrance of the store and scans the customer’s identification before they can enter. Also, each customer is asked whether they are over 21 and if they smoke. If they answer no to either, they are not permitted in the store. Continued

Philip Morris International Releases IQOS 3 DUO

 

(Tobacco Business) Philip Morris International (PMI) is expanding its smoke-free portfolio with the addition of the new IQOS 3 DUO. According to the press release announcing the release, Philip Morris International relied on consumer insights and scientific substantiation to develop this latest version of IQOS, a heat-not-burn product, that will be available in Japan beginning in September and rolled out in other markets where IQOS is currently available by the end of 2019. Continued

Will There be a Future Without Cigarettes?

 

(CSN) … It is apparent that today, more than ever, adult consumers have increasing choices when it comes to consuming nicotine. It is also apparent that tobacco companies are preparing for a day when cigarettes do not make up the lion's share of the business.
But are they preparing for a day when cigarettes disappear from the backbar altogether?
Philip Morris International is. Continued

Altria Confirms Merger Talks With Philip Morris International

 

(CSN) Two major tobacco players are exploring the possibility of joining forces.
Altria Group Inc. confirmed it is discussions with Philip Morris International Inc. (PMI) to merge the two companies. The talks center around a potential all-stock, merger of equals. Continued

Philip Morris International’s Revenue and Stock Jumps Due to IQOS

 

(Tobacco Business Magazine) Philip Morris International (PMI) can thank the emerging market of heat-not-burn for not only meeting but beating recent revenue estimates.
Earlier this year, the U.S. Food and Drug Administration (FDA) gave Altria approval to sell IQOS in the U.S. [read more here]. There are plans for IQOS to be released in Atlanta sometime this summer. PMI has been working with Altria to share how it introduced IQOS to the European market in hopes of making the rollout in the U.S. just as successful. Continued