menu
Get a daily delivery of PSFK
Subscribe to get a daily digest of new ideas and discoveries and to find out about upcoming events

After Nokia, Will Dutch Giant Philips Be Europe’s Next Electronics Brand To Implode? [Headlines]

After Nokia, Will Dutch Giant Philips Be Europe’s Next Electronics Brand To Implode? [Headlines]

Dutch electronics company Philips is seeing a drastic drop in profits due to weak demand in Europe and the US.

Valentina Park
  • 6 july 2011

Europe’s consumer electronics industry is growing dimmer by the day. First there was Finnish communications giant Nokia, whose profits tumbled 31% between April and June. Now, the Netherlands’ Philips appears to be in serious trouble as well, according to its latest financial results. The Dutch company announced that its sales will probably be lower than expected in two out of its three primary areas, lightning and consumer electronics. The downturn is mostly due to weak demand in Europe and the United States. World Crunch

{{post.author_display_name}}
  • {{post.date_formated}}
{{post.author_display_name}}
  • {{post.date_formated}}
Read More Tap to Expand
PSFK Writer {{post.author_display_name}}
  • {{post.date_formated}}
PSFK 2015

Live, Work, Play Better
The PSFK 2015 conference experience

NEW YORK, NY | April 16-April 18 2015
Get a daily delivery of PSFK
TREND REPORT

PSFK Labs presents
The Future of Retail 2015

A Manifesto To Reinvent The Store