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The tough business of LEDs

Posted by: on Mar 16th, 2012 | 0 Comment


Proving that energy-saving products don’t easily make a good business, Royal Philips Electronics today reported that third quarter profits in its LED-reliant lighting division tumbled by nearly 50 percent.


Although revenue from LEDs (light emitting diodes) rose 32 percent, earnings before interest tax and appreciation (EBITA) for the division fell from €216 million in the September-ending quarter last year, to €110 million.


Read the full article here: http://www.smartplanet.com/blog/intelligent-energy/the-tough-business-of-leds/9655