Philips expecting sales of consumer electronics to sag

[dArKeR]

Royal Philips Electronics NV's sales from consumer electronics in the fourth quarter may be little changed from the year-earlier period amid "mixed" consumer demand, said senior vice president frans van Houten.

Amsterdam-based Philips expects strong demand for products such as flat-panel TVs, DVD recorders and key rings that incorporate digital music players and digital cameras, said van Houten, who is chief executive of the company's consumer electronics business. Sales of older devices such as cathode-ray tube TVs may fall, he said.

"We think we'll be more at less at the same level," compared to the fourth quarter a year ago, van Houten said in an interview in Singapore. "It's a mixed picture."

http://www.taipeitimes.com/News/worldbiz/archives/2003/11/01/2003074218

[radfringe]

1. but but but but but

we're at the beginning of the Bush Boom :nuke:

[teryang]

2. As the price goes up

...demand goes down. I find the prices on flat panel tvs ridiculous. On the other hand, I know people with no money in the bank and lots of credit card debt who have them.