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| Philips Lighting's total sales have stalled in recent years, as the company has battled with the sharp decline in revenues from conventional bulb technology. But in the first quarter of 2016, LED-related lighting sales accounted for half of the total lighting revenues for the first time. The difficulties that face the transforming business are reflected in the approximately €3 billion market capitalization of Philips Lighting - equivalent to less than half the company's annual sales in 2015. Data: Philips. |
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