Thursday, July 08, 2004

Are accessories where the $$$ is?

Philips Electronics recently announced they will purchase Gemini Industries, a maker of accessories for consumer electronics devices. Accessories are often the products in the CE industry that carry the highest margins. I spent the summer of 2003 as an intern for Samsung Electronics America and at the time they could sell a high definition TV with a solid margin, but the margins wouldn't compare to the margin on the $500 TV stand that was often sold with the set itself.

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