major drop in cig sales, "Vaping is killing the cigarette industry"

Check out first quarter 2018 statistics for Philip Morris, especially in East Asia & Australia.
https://www.cnbc.com/2018/04/23/cra...-cigarette-industry-and-it-may-get-worse.html
(note this is a Wall St stock guy, so it's "disappointing" and "terrifying" to his investor audience)