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PMI’s heat-not-burn IQOS has been a success in international markets.In terms of their international markets, Philip Morris International (PMI) reported that IQOS is now in cities in some 38 countries and that its success outside the United States has been continuing apace. PMI’s Japan release for IQOS was a notable success and that was duplicated when IQOS was rolled out in Korea last year.Even so, and while on deadline for this article, data from Asia indicates that IQOS sales have plateaued in Japan. CNBC recently reported that “Philip Morris International shares plummeted 16% in the compan...
Release time: 2018 - 08 - 01
By Murdoch McBrideRecent media reports, including articles generated by anti-smoking groups, have suggested the possibility of a renewed interest in rolling your own cigarettes. But this posed some questions: Is there really a significant growth trend for roll your own (RYO) cigarettes?” “Is RYO simply holding its own?” Or, was an “RYO trend” being cited in order to bolster an entirely separate argument?”Some quick research and a series of inquiries addressed a few of these possibilities in Australia, Europe, and the United States. Basically, we found that RYO is a stable business.Like many st...
Release time: 2018 - 08 - 01
AUSTRALIAAustralia now has the highest prices in the world for cigarettes. A pack of 20 Marlboro cigarettes cost around US$19.82 in Australia, with New Zealand a close second at $17.54.That’s over $6.69 more expensive than in the UK and close to $13.39 more than in the US.The cheapest prices are in Kazhakstan, where a 20-cig pack goes for $1.06. Other cheapest locations include Vietnam ($1.10), Ukraine ($1.15), the Philippines ($1.23), and Pakistan ($1.30).
Release time: 2018 - 08 - 01
UGANDAIncreased cigarette prices and a change in distribution channel have helped British American Tobacco Uganda Limited (BATU) to enjoy record growth in net profit amidst tough tobacco regulation.BATU managing director, Mathu Kiunjuri, told shareholders during the annual general meeting on May 9 that the company recorded a 55% growth in net profit to UGX12 billion last year, up from UGX7.8 billion in 2016 and UGX20 billion in 2015.“There was generally growth in revenues driven by increase in price of cigarette in the second half of last year in response to the new taxes,” said Kiunjuri,...
Release time: 2018 - 08 - 01
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