Despite registering an 8% gain in revenue from its television sets, Royal Philips Electronics announced that the company's overall net was off 54%, to $1.15 billion, in the second quarter. The Dutch firm, the fifth-largest maker of LCD TVs in the world, reported $2.16 billion in revenue from TV sales during the period.
Palm has introduced a new Treo smartphone aimed at competing with BlackBerry for business users. The smartphone, available through Sprint Nextel, is priced at $249.99, but its debut was overshadowed by the market entry of Apple's iPhone 3G.
The rising costs of metals, oil and transportation have started to affect companies that manufacture car stereos. Those raising their prices include Audiovox, JBL, JL Audio, MTX, Rockford and Infinity, which recently announced price increases on some of its speakers.
Acer is talking with a group of 3G network operators about building 3G capabilities into the company's Aspire one mini-laptops. According to this article, Acer is hashing out plans with T-Mobile International, Vodafone Group, Orange and Taiwanese telecoms Chunghwa Telecom and Taiwan Mobile.
Electronic Arts announced Monday that the latest version of its popular "The Sims" game, "Sims 3," will debut next year and will feature a "seamless world," one in which all actions affect everything else in the game. EA also said that id, the company behind "Doom" and "Quake," had joined the EA Partners program and is developing a new title for EA called "Rage."