Philip Morris’s “Worst Day” In A Decade
ALI ANDERSON / APRIL 20, 2018 / NEWS & MEDIA
TOBACCO giant Philip Morris has had its worst day in a decade after rapidly declining cigarette volumes and sales of its "heat-not-burn" Iqos product have “plateaued”.
Shares in the company tumbled after cigarette shipments fell more than expected and sales for its cigarette and vaping alternative iQOS have started to stall in its key market, Japan.
The fall was its biggest one-day slide since becoming a public company in March 2018 with shares ending down 16 per cent.
Read full story here...
https://vaping.com/blog/news/philip...ail&utm_term=0_22416810d6-3899b055ea-51510053
ALI ANDERSON / APRIL 20, 2018 / NEWS & MEDIA
TOBACCO giant Philip Morris has had its worst day in a decade after rapidly declining cigarette volumes and sales of its "heat-not-burn" Iqos product have “plateaued”.
Shares in the company tumbled after cigarette shipments fell more than expected and sales for its cigarette and vaping alternative iQOS have started to stall in its key market, Japan.
The fall was its biggest one-day slide since becoming a public company in March 2018 with shares ending down 16 per cent.
Read full story here...
https://vaping.com/blog/news/philip...ail&utm_term=0_22416810d6-3899b055ea-51510053