Contraction due to past formats: Philips is getting out of the consumer electronics market; the lack of consumer interest in Bluray is cited as one of the reasons why.
Just when they were selling interesting headphones again. Get your Citiscape Downtown headphones while you can, I guess.
But Philips TV brand still exists for example. It just belongs to a Chinese company now. The same plants keep producing Philips TVs.
Edited by mutabor - 1/29/13 at 12:49pm