Earlier this week, Royal Philips Electronics warned that its television business would post a first-quarter loss. While TV sales have declined, the company says it sees a growing opportunity in healthcare. Greg Sebasky, CEO of Philips's North American operations, discusses the trends driving the growth -- and the challenges ahead.
Vizio widened its lead in the U.S. liquid-crystal-display television market in the fourth quarter, according to a new report from research firm iSuppli. Samsung and Sony lost market share from a year ago, although Sony gained ground from the third quarter.
Sony's quarterly profit dropped 8.6% as a strong yen and falling TV prices erased the boost the Japanese electronics and entertainment company got from its hit movie "The Social Network."
U.S. consumers spent 5% less on consumer electronics during the last holiday season compared to a year earlier, according to a new report from NPD Group. Even at discounted prices, Americans bought fewer flat-screen televisions and desktop computers, as well as lower-end digital cameras and MP3 players, according to the report.
Manufacturers of 3-D TVs are getting a lump of coal this holiday season. High expectations for frothy sales have failed to materialize, and price cuts of more than 40% continue during this critical selling period. Will 2011 turn out better?
Lower-than-expected flat-screen TV sales have created a glut in liquid-crystal display panels and are unlikely to be bolstered anytime soon from 3-D TV demand. That means prices for LCD panels -- and TVs -- are falling once again.
