Probably right, T.M. BUT....consider, it's a "cheap" way to destroy a market you want to own in the long-run too. If that even amounts to one year of tobacco industry profits, I'd be amazed. P.M. alone has about 6+ billion in profits per year.They've just had close to $13 Billion in investment. Somebody is sure they will survive and prosper.
juul purportedly had 75% market share. And now they have interest in the company PLUS the patents. Besides, they can help introduce juul x.0 and meet some new standard written into the new/next sets of PMTA.
This is all big-league corporate maneuvering. If you can't beat them, buy them. The brand-name alone is probably worth that, regardless of what new device they come out with. Name recognition. BT is amazingly astute with branding.