Low consumer demand, TV market hamper Philips 4Q
Kris Alingod – AHN News Contributor Amsterdam, Netherlands (AHN) – Philips reported smaller-than-expected sales for the fourth quarter on Monday, citing decreased consumer confidence and weak demand in the television market. The Dutch electronics manufacturer said net income for the quarter was 465 million euros ($635.8 million), up from 260 million euros ($355.3 million) during [...]