Philips Bows Out Of Consumer Electronics Business

Philips, a brand well known for their televisions and optical media devices, is leaving the consumer electronics market and is now focusing on medical equipment and lighting. The company sold its CE business to the Japanese manufacturer Funai Electric Co. for $201 million.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Pdes6nKxZFo/

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