Philips Exits Consumer Electronics - AVS Forum
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post #1 of 47 Old 01-29-2013, 10:35 AM - Thread Starter
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Philips sold their money-losing consumer electronics division to Funai Electric of Japan for $200 million. Citing a decline in the sales of DVD and Blu-ray players, Philips will now focus on lighting products and medical equipment. Philips cites the rising popularity of downloadable and streaming content as reasons for the sale.

Funai Electric manufactures and sells TVs, DVD and Blu-ray players under the Magnavox, Philips and Emerson brands and is the #3 manufacturer in the North American TV market in terms of total units sold. Funai has licensed the Philips name through December 2015. As a result, the Philips brand is not going to disappear as a result of the sale - at least not immediately.
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"Philips said Tuesday it has sold the remnants of its once-core business to Japan’s Funai Electric Co..."
"Philips, which has become primarily a maker of medical equipment and lighting products, has sold the audio, video, multimedia and accessories activities to the Japanese consumer electronics company for the almost token sum of €150 million ($201.8 million) in cash and a brand-license fee."

http://blogs.wsj.com/source/2013/01/29/philips-exits-consumer-electronics/

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post #2 of 47 Old 01-29-2013, 10:45 AM
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It must be pretty bad for Phillips if they're losing money on consumer electronics. Considering they haven't built anything themselves for years. Basically they're selling the brand names for $200 million.
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post #3 of 47 Old 01-29-2013, 10:52 AM
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Ahh my first plasma was a philips!

No subwoofer I've heard has been able to produce the bass I've experienced in the Corps!

Must..stop...buying...every bluray release...
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post #4 of 47 Old 01-29-2013, 10:54 AM - Thread Starter
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Evidently the one-two punch of the automated Espresso machine and premium Electric Toothbrush is far more lucrative.
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Originally Posted by mhufnagel View Post

It must be pretty bad for Phillips if they're losing money on consumer electronics. Considering they haven't built anything themselves for years. Basically they're selling the brand names for $200 million.

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post #5 of 47 Old 01-29-2013, 11:00 AM
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Originally Posted by pokekevin View Post

Ahh my first plasma was a philips!


Mine too...I made sure my next one was not though!!mad.gif What a pos that was. The pq was actually pretty good, but It broke 3 times inside of 3 years (thank god it was the one time I decided to get a warranty) and buzzed like a bug zapper...Needless to say, despite the fact that I don't like the curent state of consumer electronics and its rapidly departing companies, I won't be losing any sleep over this particular loss.
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post #6 of 47 Old 01-29-2013, 11:11 AM
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I'm not sure I'm all that broken up over this news.

The last Philips product I bought died in 8 months. I also have a portable DVD player that just 2 1/2 years later has a battery that doesn't hold a charge. It's really handy to have a portable player that has to be plugged in to get more than 30 seconds of playback time.

My sister bought a Philips upcoverting DVD player a few years back that barely made it past the warranty period.

Their quality just isn't what it used to be.
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post #7 of 47 Old 01-29-2013, 08:12 PM
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Didnt Phillips make the 21:9 LCD tv also?
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post #8 of 47 Old 01-30-2013, 12:07 AM
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They were far more prominent in Europe, at least when I grew up there, they were what RCA, Magnavox and Zenith was here.

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post #9 of 47 Old 01-30-2013, 12:26 AM
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Maybe I am lucky but a 47" Philips LCD is still my display after 3 years and it has great PQ.
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post #10 of 47 Old 01-30-2013, 05:16 AM
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Their biggest problem, IMHO, stemmed from years ago when they started offering crap products for North American market and keep the OK and good products for European consumption only.

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post #11 of 47 Old 01-30-2013, 05:43 AM
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Quote:
Originally Posted by TenTonBass View Post

Maybe I am lucky but a 47" Philips LCD is still my display after 3 years and it has great PQ.

I have a 47" LCD from ~ 5 years ago, still going strong, and it's been used a lot. PQ is decent for its vintage, and it's 120 HZ, which most sets did not have at the time.

I also have an upconverting Philips DVD player from ~6 years ago, hooked up to a 32" LCD. Still works fine.

Things change so fast nowadays. A few short years ago Philips offered okay mid-tier stuff, then they went the cheapo rebadge route. Now they're out, too bad.
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post #12 of 47 Old 01-30-2013, 07:20 AM
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Quote:
Originally Posted by David Susilo 
Their biggest problem, IMHO, stemmed from years ago when they started offering crap products for North American market and keep the OK and good products for European consumption only.
They also sold the crap over here (in Europe) smile.gif
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post #13 of 47 Old 01-30-2013, 07:22 AM
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Quote:
Originally Posted by TenTonBass View Post

Maybe I am lucky but a 47" Philips LCD is still my display after 3 years and it has great PQ.

Mine is also 47" and 7 years old now and is still great. There were rumors of Philips pulling out of the US market 7 years ago when I bought it, too.
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post #14 of 47 Old 01-30-2013, 07:30 AM
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Is this bad news or something?

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post #15 of 47 Old 01-30-2013, 07:42 AM
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The current government of Holland seems bent on destroying everything.
Not hard to believe that Philips is joining the scrap heap, along with other old-line friends like Radio Netherlands Worldwide.

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post #16 of 47 Old 01-30-2013, 07:49 AM
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Quote:
Originally Posted by kenglish 
The current government of Holland seems bent on destroying everything.
Not hard to believe that Philips is joining the scrap heap, along with other old-line friends like Radio Netherlands Worldwide.

Royal ->Dutch<- Shell seems to be the biggest company in the the world.
http://money.cnn.com/magazines/fortune/global500/2012/snapshots/6388.html?iid=splwinners
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post #17 of 47 Old 01-30-2013, 07:58 AM
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The first TV I bought in 1990 was a then large screen of 27" Phillips CRT. RIP.
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post #18 of 47 Old 01-30-2013, 08:05 AM
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That's too bad.

I've always been a fan of their screwdrivers.
chirpie and Dark Matter like this.
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post #19 of 47 Old 01-30-2013, 09:51 AM
 
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R.I.P Philips :..(

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post #20 of 47 Old 01-30-2013, 10:02 AM
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Who's next? Sharp? Sony?
Or plasma?
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post #21 of 47 Old 01-30-2013, 10:24 AM
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Quote:
Originally Posted by RonAlam View Post

Didnt Phillips make the 21:9 LCD tv also?

Yep, they did, but it was never available in the US, only Europe.


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post #22 of 47 Old 01-30-2013, 10:26 AM
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Who's next? Sharp? Sony?
Or plasma?

Excellent question! Could be any of the Japanese giants, all of which are losing money on their TV business.


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post #23 of 47 Old 01-30-2013, 10:33 AM - Thread Starter
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When Hisense makes its move, someone else is going to have to go.
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Excellent question! Could be any of the Japanese giants, all of which are losing money on their TV business.

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post #24 of 47 Old 01-30-2013, 03:20 PM
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Vizio and white trash at Walmart (no offense, I shop there too) are destroying your Sharp's and Sony's sales.
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post #25 of 47 Old 01-30-2013, 04:33 PM
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That's too bad.

I've always been a fan of their screwdrivers.
Now THAT"S funny!!
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post #26 of 47 Old 01-30-2013, 06:16 PM
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Anybody remember the Phillips' idtv it was a progressive scan CRT. Way ahead of its time but always breaking and then discontinued.
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post #27 of 47 Old 01-30-2013, 06:38 PM
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I would not get to worred this is about 3 year old news
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post #28 of 47 Old 01-31-2013, 02:09 AM
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Sad that they chose to innovate elsewhere. Oh well.
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post #29 of 47 Old 01-31-2013, 03:39 AM
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Quote:
Originally Posted by TenTonBass View Post

Vizio and white trash at Walmart (no offense, I shop there too) are destroying your Sharp's and Sony's sales.
We should be celebrating that. At least Vizio is a quasi-American company.

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post #30 of 47 Old 01-31-2013, 10:40 AM
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Would you buy a Vizio over a Sony?
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