Reportedly, Royal Philips Electronics’ revenue from Packaged LEDs and solid-state lighting products has kept a solid growth curve in the first quarter of the year.
According to Philips, overall, its first quarter sales of €5.26 billion ($7.48 billion) were up 6% on the same period last year, with its lighting division contributing €1.90 billion to that total after rising by a similar amount.

Over the past 12 months, sales of packaged LEDs have played an important role in revenue growth. Philips said that LED components accounted for 7% of its lighting division’s total revenues of €7.6 billion over that period - equivalent to about €530 million.

In the meanwhile, Philips also sells LED-based lamps and luminaires, and these accounted for approximately €600 million in revenues over the past 12 months – meaning that sales of LED-related products were €1.1 billion in all.

That figure is rising fast, and in the opening quarter of 2011 sales of all LED-related products were up 27% on the same period of 2010 – and nearly three times the figure reported in 2009.