Appliance giant entered the mains led lighting market

 

Appliance giant entered the mains led lighting market

 

In the past year, the century-old Philips the biggest loss in 10 years. According to the 2011 full year earnings data released by Philips, the 2011 full year net loss of 1.291 billion euros. Philips compared to Kodak, the latter because of “too late” to miss the transition timing, but Philips has a proactive strategic choice, that is, has cut off the phone, the TV business, and gradually exit the field of consumer electronics. November 1 last year, Philips and TPV Technology signed an agreement with its TV operations to the two sides established a joint venture. TPV became the controlling shareholder, with 70% of the shares of the joint venture, Philips holds a 30% stake in the transaction is expected to be completed by the end of the will in the first quarter of this year. In 2008, Philips also claims to be the world’s largest maker of mains led lighting.

 

In recent years, sales of China’s mainstream TV brands showed a slow upward trend, Philips led high bay lights every quarter sales in China is on the decline since the second half of last year. With the increased competition from lower-cost Asian mains led lighting manufacturers, Philips TV business since 2007, a loss of nearly one billion euros.

 

Not just Philips, Japan’s three major television giants like Sony, Panasonic, Sharp in struggling. Sony’s TV business for the eighth consecutive year at a loss, Sony has recently doubled to 220 billion yen (about $ 2.9 billion) as of March 31 of this year for the full fiscal year loss expected. Panasonic also will be on February 3 loss is expected to increase nearly doubled, reaching 780 billion yen (about $ 10.2 billion).