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    on Thursday signalled a slower than anticipated U.S. roll out of its IQOS heated tobacco device, a choice analysts said was positive for its competitors in the short term.


    The New York-listed Marlboro maker also said it aims for more than two thirds of its net revenues to come from "smoke-free" products by 2030, up
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    revenues to come from sales of such products by 2025.

    Instead, PMI will focus its resources on IQOS and nicotine pouch brand
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    PMI also announced updated medium-term targets including for revenue and earnings per share, and ambitious volume targets for
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    ZYN and other oral nicotine products in the U.S.
    would help drive an expected $2 billion in revenues there in 2024, even before IQOS ILUMA,
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    PMI shares were up 1.5% on Thursday. (Reporting by Emma Rumney in London and Granth Vanaik in Bengaluru; additional reporting
    by Ananya Mariam Rajesh in Bengaluru; Writing by Emma Rumney; Editing by Elaine
    Hardcastle and Josie Kao)

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