Philips outsources US, Canada HDTVs to Funai
04/08, 3:15pm
Philips Outsources HDTVs
Philips today revealed that it will stop its direct development HDTVs for North America. The Dutch firm now says it will outsource all of the work for both these sets and Magnavox models to Japan-based Funai. The company will handle both manufacturing sets as well as marketing them in the two western countries. The move is cited as necessary to turn around Philips' loss-taking HDTV business, which is successful in Asia and Europe but has struggled in the more competitive North American space through tight profit margins.
