( Tech.co.uk ) - Philips may be thinking of off-loading its TV business. Stiff competition - especially in the US - is forcing the Dutch company to focus on more profitable areas, and hasn't ruled out a sell-off in future.
Chief executive Gerard Kleisterlee says that Philips is looking at all "feasible options", and that it may make strategic product withdrawals in territories where it isn't doesn't see much profit, according to Reuters.
One example Kleisterlee gives concerns Philips domestic appliances - it doesn't sell kettles and toasters in the US because it can't make the margins it wants. By the same token another Philips' executive called the US TV market "brutally competitive."
Given that Philips Consumer Electronics accounts has the lowest profit margins in Philips as whole, and that TV sales make up half of its CE business, some kind of rationalisation looks likely.