Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Philips Says More Telecom, Brand Alliances to Come
Aug 29, 2003
 Printable format
 Email this Article
 Search

Dutch Philips Electronics said on Friday that it expected many more alliances with European telecom operators and with makers of strong consumer brands jointly to sell and develop products.

"There will be more partnerships in the next months and year," Gottfried Dutine, a Philips board member responsible for the company's Consumer Electronics group, said in an interview.

A recent line of portable music players co-branded with sportswear maker Nike is just a start, he said.

Philips sees these alliances as a way to raise the profit margins in the cut-throat consumer electronics business, where profits are 1 or 2 percent of sales at the best of times.

"These (Philips-Nike) products have significantly higher margins," Mr. Dutine said.

The consumer electronics maker said collaboration between different companies and even with its rivals was crucial to kick-start the stagnant consumer electronics industry by networking devices.

"We need a fundamental change to the business model if we are to take our industry into a new growth era," Gerard Kleisterlee, Philips chief executive, said in a speech.

He said recent alliances with telecommunications operators jointly to sell a broad range of fast Internet products and services were an example of this new approach. The devices are able to play music and video from the Internet and personal computers.

Philips has partnerships with fast Internet providers in Britain, Germany, Italy, Spain, Belgium, and the Netherlands. They will jointly sell Internet-enabled Philips products. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows