Philips Hits $9 Billion in 'Green' Sales

To anyone who tells you that “green” isn’t big business, point them in the direction of Royal Philips Electronics (PHG), which just said that sales of “green” products totaled $9.4 billion, or 31% of total 2009 sales. Philips exceeded analysts’ fourth-quarter expectations and has made what the company described as a “strong start” to 2010.  The company’s CEO expects sales of LED lighting products to continue driving overall green growth over next few years.