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Thread: The Marlboro Man is going electronic - The Wall Street Journal

  1. #1
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    The Marlboro Man is going electronic - The Wall Street Journal

    Wow, 48% share of the Market in Arizona in just 7 weeks.

    Rise of the E-Cigarette: The Marlboro Man is Going Electronic - Corporate Intelligence - WSJ

    "Marlboro-maker Altria GroupMO -0.85% is diving fully into electronic cigarettes, which pose a small but growing competitive threat to traditional smokes.

    The U.S. tobacco giant said Wednesday it plans to launch its MarkTen e-cigarette nationally starting in the second quarter, after testing the product in Indiana and Arizona in recent months.

    Altria controls roughly half of the $100 billion U.S. tobacco industry but is playing catch-up in the estimated $1 billion market for e-cigarettes, battery-powered devices that turn nicotine-laced liquid into vapor.

    Some smokers are switching to e-cigarettes amid growing scientific consensus that they’re less harmful than regular cigarettes, which release toxins through combustion. But many public-health groups warn not enough is known about the health effects of e-cigarettes and authorities are debating how to regulate them. Annual U.S. consumption of regular cigarettes, the leading cause of preventable death, has been dropping 3% to 4% in recent years.

    Newport cigarette maker Lorillard, the third-largest U.S. tobacco company, is the market leader after acquiring the maker of Blu e-cigarettes in 2012. Camel cigarette maker Reynolds American Inc.RAI -0.56%, the No. 2 tobacco company, announced last year it would take its Vuse e-cigarette national by mid-2014 after testing it in Colorado and Utah.

    Blu and the namesake brands of Njoy Inc. and Logic Technology Development LLC boast a combined market share of about 75% in U.S. stores for e-cigarettes, although there is broader competition in online sales.

    Altria estimates 90% of adult smokers are aware of e-cigarettes and about two-thirds have tried them, but that only a small number use them daily.

    “Many adult smokers and vapers are still looking for a product that meets their requirements and desires,” Marty Barrington, Altria’s chief executive, told an analyst conference Wednesday in Florida, where he announced the broader launch.

    Mr. Barrington said MarkTen built up a 48% e-cigarette market share in Arizona stores in just seven weeks after leveraging its considerable distribution clout.

    Altria also announced earlier this month that it would pay $110 million to acquire Green Smoke Inc., which sells its namesake e-cigarettes mostly over the Internet. That deal is expected to close during the second quarter, widening its e-cigarette portfolio."
    Old Dog and Pleski like this.

  2. #2
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    I don't trust any statistics coming out of big tobacco, or their intentions. I think they're scheming for a way of keeping people hooked on tobacco while doing a bit of vaping. They're not going to just abandon all that massive cigarette producing infrastructure.

    I'd bet they're pouring big money into researching some electronic device that will vape real tobacco oil.

 

 

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