Philips recently announced they will be pulling the plug on their TV sales in Australia and New Zealand.
This follows on from Hitachi's exit earlier this year.
This shows just how cut-throat the retail market is for consumer electronics. By adding significant costs through middlemen, companies like Philips, Hitachi, and no doubt others down the track, are finding it very hard to remain competitive.
Not only does this result in less innovation and unfair pricing for consumers, it means they can no longer stay competitive.
It's even more proof that direct, online sales are the way to go. The success of the Kogan brand shows that people are very excited about saving huge amounts of money by buying online, instead of lining the pockets of distributors, retailers, etc.
What do you think, are you sad to see Philips go? Do you think more TV manufacturers will follow suit?
