From wireless intelligent lighting system "hue" to the two well-known 3D-printed lighting products, Philips has been leading the lighting industry from traditional lighting to energy-efficient LED lighting.
On Apr. 22nd, 2014, Philips announced its first quarter(from January to March ) earnings report. The report shows that Philips' first quarter revenue reduced by 4.8% to 5.02 billion euros, EBITA reduced by 21.9% to €314 million, and net profit was down 15% to 137 million euros.
Sales of Philips Lighting sector in the first quarter reduced by 4.2% to 1.892 billion euros; EBITA slipped 6.1% to 138 million euros. LED product sales, increasing by 37%, accounts for 33% of Philips Lighting sector's sales, which is higher than last year, 23%.
"Our first-quarter financial results reflect a challenging start to the year. Looking ahead, we remain very confident of achieving our 2016 mid-term financial targets." Frans van Houten, CEO said.
Philips Smart LED Bulb Supports iOS 8"
"Fruit Batteries to Power up LED Light"
"LED Traffic Baton Able to Display Text Information"
"LED Home Lighting Taking a Great Market Share in Japan 2015"
"LED Bulb Price Drops in March, 2014"
"UAE Women Invent Intelligent lighting System for Haze Days"
"Commuter X4 LED Bike Light Included in British Inventors Project"
"LED Lighting Expected to Reach 40% Market Share in 2015"
"Panasonic releases UV-LED Module"
"Walmart Transforming Retail Lighting with LED Lights"
"LED Light's Price Is in a Globally Steady Decline"
"Price Trend Forecast 2014~2040 for LED Light, Fluorescent Light, N' Incandescent Light"