The Role of Philips in the Smart Home of the Future

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1Q 2014 | IN-1018519

 

Philips: A Sleeping Giant in the Consumer Market

NEWS


Once considered a titan in the consumer electronics products, Philips has, over the years, lost ground to growing competition from consumer electronics giants, such as LG and Samsung. This ABI Insight looks at the impact of the recent turn around Philips has achieved and its potential in the fast growing smart home market.

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IMPACT


Philips’s restructuring program initiated in 2011 by the then newly appointed CEO, Frans van Houten, spearheaded a number of divestments to realign its focus on its core product offerings. A number of consumer electronics initiatives have been axed over t...

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