As expected, sales of liquid crystal display TVs declined from the fourth quarter of 2006 to the first quarter of 2007. The surprise was how much Royal Philips Electronics' sales of the flat-screen televisions slid.
The Dutch electronics giant posted the worst performance among the top five brands worldwide, according to a report from research firm iSuppli. Philips' shipments declined 26 percent. Overall, the market declined 8 percent, with shipments globally dropping from 15.2 million in the last three months of 2006 to 14 million in the first three months of this year. (If you ever wanted evidence of … Read more