January 29, 2013
Electronics Giant Exits Industry
Robert Van den Oever, The Source
Philips Electronics PHIA.AE +2.26% has drawn a line under its long history as a consumer-electronics company after failing to compete successfully with the likes ofApple Inc. AAPL +1.94% Samsung Electronics Co. 005930.SE +2.70% and SonyCorp. 6758.TO -1.56% in the fast-moving industry.