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Though their market share is still negligible, they might become a threat [to TTL] in the future. Surrendering market shares After TTL lost its cushy monopoly, it had to relinquish considerable market share to its newly emerged competitors

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The entire order must be cancelled and a new order created

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Wells Fargo analyst Bonnie Herzog is bullish on the prospect of HNB products, estimating that Philip Morris' IQOS could displace as much as 30% of the regular cigarette business in developed markets by 2025