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    Philips says LEDs could increase to 45% of total lighting sales by 2015

    July 23, 2012
    Lots of interesting nuggets in the presentation accompanying the release of Philips' 2Q financials. According to the press release, Philips' Lighting comparable sales increased by 6%, led by double-digit sales growth at Light Sources & Electronics and ...

    Lots of interesting nuggets in the presentation accompanying the release of Philips' 2Q financials. According to the press release, Philips' Lighting comparable sales increased by 6%, led by double-digit sales growth at Light Sources & Electronics and high-single-digit sales growth at Automotive. LED-based sales grew by 37% year-on-year and now account for 20% of total Lighting sales.