AMSTERDAM (AP) — The chief executive of Royal Philips NV says his company — already the world’s biggest light maker — is winning market share in next-generation LED lighting technology.
While presenting third quarter earnings on a conference call Monday, Frans van Houten did not give a specific figure on the company’s global market share. But the report showed LED lighting sales grew by 33 percent from a year ago in the three months through September. They accounted for 30 percent of the 2.08 billion euros ($2.85 billion) in lighting sales Philips had in the quarter.