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Philip Morris Revenue, Cigarette Shipments Decline Philip Morris International on Thursday reported a steeper-than-expected drop in fourth-quarter revenue even as the cigarette giant benefited from higher pricing across all of its regions

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The tobacco industry spent $9.36 billion on the advertising and promotion of cigarettes and smokeless tobacco in 2017

On the basis of distribution channel, the market is segmented into Tobacco Shops, Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others