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Why Philips left the market of consumer electronics ?

In the history of consumer electronics, there are two products that have spent more time on the justification for the existence of its own products than trying to keep up with the times. This Nokia and BlackBerry. Philips also put an end to its history, very deliberately. What happened?

On Tuesday it was announced that Philips sold the remains of his once-core business of Japanese Funai Electric. Dutch company piled on losses for the fourth quarter restructuring charge and a fine for price-fixing. Now, Philips no longer manufactures audio, video and multimedia accessories, leaving himself only medical equipment and lighting. If it were not for all this, the price paid the Japanese could suggest the raiding: 150 million euros and the cost of licensing the brand. Continue reading Why Philips left the market of consumer electronics ?

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