Phillipp Morris comments on its IQOS sticks Altria Earnings Top Estimates. But IQOS Products Likely Won’t Be Sold This Year.
Altria said its Philip Morris USA unit doesn’t expect to have access to IQOS devices or Marlboro HeatSticks in 2022. An importation ban and cease-and-desist orders were imposed by the International Trade Commission in November 2021 on IQOS and the HeatSticks after a patent case was filed by rival R.J. Reynolds. Altria sells IQOS devices, while Philip Morris International makes them.
Altria said Philip Morris USA “remains focused on returning IQOS to the market, is working on re-entry plans and expects to be ready to re-launch the product when it becomes available.”
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Poda Tobacco Inc. pods will be Tobacco approved and become available within 12 months.
https://www.barrons.com/articles/altria-mo-stock-earnings-iqos-51643303559
My personal opinion,