Philips has announced that it has agreed to sell its audio and video business to Funai Electric Co. Philips has made audio and video items such as home theaterspeakers, smart phone docking stations, and other products for a number of years. Philips says that it is selling off that portion of its business to allow it to focus on more profitable home appliances and health care operations.
Philips CEO Frans van Houten said that the A/V business was shrinking and becoming "margin dilutive" even though the segment was profitable last year. The company plans to focus on appliances such as shavers, toasters, juicers, and coffeemakers.
Analysts were glad to hear about the deal saying that it was an important investment for the company. Philips also says that shedding the two business segments will complete its repositioning away from consumer electronics.
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One inarguably good thing about electronic publishing is that it solves that old quandary about what books to pack for your holiday — you just take a tablet or Kindle and buy books on a whim. The downside, however, is that this old dilemma has been replaced by an entirely new one: what bits of electronic crap need you take on holiday and what should be left at home.
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We don’t like wires. Wires are rubbish. But sometimes they’re a necessary evil, at least with audio, because going without tends to affect the sound quality.
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This week SBS 2 premieres Knife Fight, a new cooking competition show hosted by winner Ilan Hall, winner of Top Chef Season 2.
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Get out your chain saws, 'Sharknado' is back
A year after it became an instant cult classic, “Sharknado” is back with a sequel: “Sharknado 2: The Second One.” As if the movie isn’t over-the-top enough, the Syfy network has teamed up with the Philips Hue lightbulb so viewers can create their own interactive light show while watching a ... Source: Consumer Reports
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As the Internet of Things (IoT) spreads, the implications for business model innovation are huge. Filling out well-known frameworks and streamlining established business models won’t be enough. To take advantage of new, cloud-based opportunities, today’s companies will need to fundamentally rethink their orthodoxies about value creation and value capture.
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