Big Tobacco’s Bet on a Smokeless Cigarette Cools

Philip Morris’s IQOS device runs into resistance from older smokers with more fixed habits and competition from other smokeless products

Big tobacco hoped a promising start for a new cigarette alternative in Japan could be replicated elsewhere, but slowing sales there have sparked concerns about whether smokers the world over will switch.

Japan’s smoking culture and love of gadgets have made it a test market for Philip Morris International Inc. and other big tobacco companies for new devices that mimic the sensation of smoking but heat the tobacco rather than burn it.

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