News: Philips exits consumer electronics, sells business to Funai

After over 80 years in the consumer electronics business, Philips announced Tuesday that it has sold the remainder of its consumer-focused electronics business to Japan’s Funai. Although Philips steadily reduced its involvement in consumer electronics, leaving its television and mobile phone divisions behind in recent years, the company suffered a […]

Read the original post by Phil Dzikiy

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.