Investing.com - (NYSE:Philip Morris) may phase out smoke-based cigarettes, CEO Andre Calantzopoulos said Wednesday.
The global tobacco giant's IQOS smokeless cigarette already on sale in several countries. The IQOS produces a vapor.
Calantzopoulos told BBC Radio such alternative products could lead to "phase-out period for cigarettes."
"I hope this time will come soon," he added.