However, the consumer electronics market, particularly televisions, proved difficult due to high competition and low margins. Consequently, Philips made the strategic decision to sell off its television product line and exit the household appliance market to focus entirely on health technology, concentrating on diagnosis, treatment, and connected care. Focus on Health Technology and Sustainability
The Evolution of Philips: From Lighting Pioneer to Health Technology Leader Philips
Back to the future – accelerating the adoption of circularity - Blog the consumer electronics market