Philips business strategy-LEDinside

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2013-08-01

Philips solves LED lighting profit challenge with gross profit solution

The LED lighting industry is still under immense profit pressures in 2013, despite a huge surge in demands for LED lighting products. Revenue is no longer the most important issue; profit is the key, said Edward Po, President, Taiwan, Philips. Manufacturers in the LED lighting industry including Philips are facing profit challenges. Philips is trying to increase LED lighting integration services, and secure gross profit and profit performance with lighting integration.

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