End of an era: Philips sells off consumer electronics division


By Mark Raby – Philips used to be a titan of consumer electronics, dating back to the 1930s when it was the top seller of radios. It then later invented audio cassette and VCR, and was later responsible for creating the CD medium. It would go on to be a successful supplier of DVD and Blu-ray players. There’s just one problem — almost all of those product categories rely on the necessity of physical medium. Philips was unable to reorganize its company to face the digital revolution. more> http://tinyurl.com/ac2795u

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