For years, Philip Morris has said its future will not include Marlboro cigarettes as it shifts to electronic devices. The company has been vocal in laying out its goal of replacing cigarettes with alternatives such as its IQOS heated tobacco system.
The goal of Philip Morris, it has said, is to become a majority smoke-free company in terms of net revenues by the end of 2025.
In July 2019 the British government said it wants to end smoking in England by 2030.
Philip Morris International Inc. was spun off from the tobacco company Altria in 2008 to focus on sales in emerging markets, while Altria operates in the US domestic market and is the parent company of Philip Morris USA.
The World Health Organisation describes the tobacco epidemic as "one of the biggest public health threats the world has ever faced".
-AP