Representatives of the Philips press conference was told of the forthcoming issue of the media player running Android 2.1. He will be called GoGear Connect and will be largely similar to the current flagship player Philips Muse, but in addition, will receive GPS, Wi-Fi and a bigger screen diagonal of 3.2 inches and a resolution of 480 × 320. There will also be player trackball style Nexus One, 8 GB memory card reader for microSDHC and HDMI-out, allowing to issue signals to 720p. Thus, the functionality of the player come close to the latest smartphones on Android.

Sales of new items will begin in July, and the price is still unknown.

Via Electronista

Causes, called the guidance Philips, prompting them to curtail activities in the sector in which the company operates from the middle of 90s, are the suboptimal level of profitability and in the small market shares.

National Chinese company CEC (China Electronics Corporation) – one of the major subcontractors, who will continue the production of mobile phones Philips in Asia and Western Europe. She will get a large "legacy" – $ 400 million turnover and 240 workers.

Mobile phones under the Philips did not immediately disappear from the shelves, because agreement to be concluded at the end of the year and the amount of compensation which is not discussed, will allow CEC to implement devices under the Dutch brand has over 5 years.

Thus, this sector, led by Nokia and Samsung, have already left the BenQ Mobile and Philips. Who's next?

On materials Generation-NT.

Philips continues to incur losses as a huge scale. Only during the first quarter of this year the company lost € 74 million losses reached € 740 000 per day.

Despite the fact that the American market for medical equipment is currently not in the best condition, Philips will continue to work in this area. In doing so, a leader in the production of goods for health will continue to support research and to invest in marketing. Despite all the encouraging factors, the situation is likely to force the company to sell shares in LG Display.

Last time was more difficult

«We are still confident that Philips will be released from the crisis even stronger company. Of course, the reputation that we earned on our main line, does not guarantee against the adverse impact of market problems, but it is much harder than a reputation that has been with us during a previous crisis », – said the company president Gerard Klyaysterli (Gerard Kleisterlee).