Tobacco giants throughout the world are feeling the burn of a global drop in cigarette sales. As a result, Japan Tobacco just announced a drop in forecasted earnings for 2018. They cited “market contraction” which are now forcing tobacco manufacturers to diversify. Japan Tobacco, the main cigarette producer in the Asian market, initially had projected […]En savoir plus
Tags : Tobacco sales drop
Philip Morris International is currently going through a rough patch. The IQOS device has not seen the success the company thought it would, as tobacco sales continue to fall. The tobacco giant experienced one of its worst days in company history last week, when stocks fell by more than 17 points. The company has thus […]En savoir plus
With the incredible success of electronic cigarettes, traditional tobacco companies are beginning to worry. While a dip in cigarette sales was expected, the significance of this change was recently discussed by Jim Cramer, who presents “Mad Money” on CNBC. Based on the figures presented by Adam Spielman, analyst with Citigroup, Cramer came to a dramatic conclusion. […]En savoir plus
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