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===Heated Cigarette Products===
 
===Heated Cigarette Products===
  
Philip Morris International estimated that IQOS will have 25 million users that have stopped smoking and switched to IQOS by earlier than 2025 <ref> Philip Morris International, [https://web.archive.org/web/20200221154743/https:/www.pmi.com/sustainability/business-transformation-metrics Business Transformation Metrics], Accessed 3 May 2021 </ref> in 100 markets. <ref> Philip Morris, [https://web.archive.org/save/https://philipmorrisinternational.gcs-web.com/static-files/0dfac624-2025-4bda-8110-02708c94004b Investor Information March 2022], March 2022, Accessed 9 May 2022</ref>
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Philip Morris International estimated that IQOS will have 25 million users that have stopped smoking and switched to IQOS by earlier than 2025. <ref> Philip Morris International, [https://web.archive.org/web/20200221154743/https:/www.pmi.com/sustainability/business-transformation-metrics Business Transformation Metrics], Accessed 3 May 2021 </ref>
 
 
 
Expose Tobacco revealed that despite PMI’s “claimed commitment to harm reduction, it is arguably the least diversified TTC with the highest-risk product portfolio. “ The cigarette and IQOS respectively accounted for 92 percent and 8 percent of volumes (and 81 percent and 19 percent of net revenue) in May 2020. <ref>Expose Tobacco, [https://web.archive.org/save/https://exposetobacco.org/news/pmi-agm/ Philip Morris International: The Beginning of the End?], 5 May 2020, Accessed 1 December 2020</ref>
 
Expose Tobacco revealed that despite PMI’s “claimed commitment to harm reduction, it is arguably the least diversified TTC with the highest-risk product portfolio. “ The cigarette and IQOS respectively accounted for 92 percent and 8 percent of volumes (and 81 percent and 19 percent of net revenue) in May 2020. <ref>Expose Tobacco, [https://web.archive.org/save/https://exposetobacco.org/news/pmi-agm/ Philip Morris International: The Beginning of the End?], 5 May 2020, Accessed 1 December 2020</ref>
  

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