Philip Morris looks towards phasing out cigarettes

• Philip Morris (NYSE:PM) could eventually stop selling conventional cigarettes, CEO Andre Calantzopoulos told the BBC, as it launched its alternative product IQOS in the U.K. market.
• The smokeless cigarette heats tobacco without burning it, which the company believes makes it much less harmful than traditional smokes.
• E-cigarettes, which use an electronic system to deliver nicotine via water vapor, are a different alternative.