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Surprise result for PMI in New Zealand iQOS case

iQOS case

If you follow the news on heated tobacco products you’ll probably have noticed that Heat not Burn hasn’t been having an easy ride in every market. Despite the spectacular success of iQOS in Japan, where it’s now taken over more than 15% of the cigarette market in just two years, some governments have decided they’d rather keep collecting cigarette taxes than give smokers the option of switching to a lower-risk product.

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