Philips has decided to stop producing devices for its Pronto range of universal remote controls after failing to find a buyer to take over the ailing business. Here’s what Philips had to say about the situation officially:
“In December 2009, Philips announced the intention to relocate some of its existing remote control activities in Leuven, Belgium to Asia. At the same time, the intention was communicated to investigate alternative strategic options for the Pronto business, as this activity no longer fits with the Philips strategy. Following thorough research, no suitable partner was found for the acquisition of these activities. As such, Philips confirms today that it will discontinue the Pronto product line and related activities.”
Where does this leave the rest of the players in the industry? Well, it seems that only Logitech is left, grinning from ear to ear.
Filed in . Read more about Discontinued, Philips and Universal Remote Control.