LED Accounts for 20% of Philips Lighting Sales

Philips made its name selling light bulbs and is now looking to new, more energy efficient, lights to boost sales and profits. LED light sales grew 37 percent compared to the second quarter in 2011 and now account for 20 percent of the company’s 2Q lighting sales of just over €2 billion ($2.44 billion)

Read more at The Washington Post.