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Philips invests in growing health technology market
Philips has been a big name in consumer electronics for years, but saw a blow to its strategy last year when profits collapsed due to tough rivals and weak markets. But it appears that the electronics giant is leaving TVs and other electronics behind to claim a share of the growing health technology and gadget market. BBC writes that Philips ‘is distancing itself from areas where it has traditionally been strong, such as sound and vision’ … Read entire article »
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