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Audio CD-Recorder Becomes One of the Fastest-Growing Products in the History of Consumer Electronics

One Million Recorders Sold in 21 Months Plus Involvement of 15 Companies Confirm the Popularity of Audio CD Recording and Underline the Continued Consumer Support for CD as the Music Carrier of Choice

BERLIN--(BUSINESS WIRE)--Aug. 30, 1999-- The Audio CD Recorder has become one of the fastest-growing consumer electronics products in history, Philips confirmed today at the IFA trade and consumer exhibition in Berlin, Germany.

The company stated that the number of Audio CD Recorders sold around the world since October 1997 by Philips, Marantz and Pioneer the first manufacturers on the market with products - had reached sales of one million units by June of this year.

This significant growth in audio CD recorders is in line with the overall continued growth of Audio CD as the consumer's music carrier of choice. More and more consumers are purchasing additional CD playback devices, such as portables and in-car systems, on which to listen to their pre-recorded and own-compilation discs.

It is now expected that Audio CD Recorder sales will grow even further with the number of participating hardware and recordable media companies extending to 15 with Denon, Kenwood, Onkyo, Harman-Kardon, TEAC and Yamaha (hardware), and EMTEC (BASF), Kodak, Maxell, Mitsui, TDK and Verbatim (recordable media).

It is expected that these companies' involvement - plus others who will announce their entry into the market shortly - will accelerate market growth even further, with predictions suggesting that hardware sales could exceed 1.5 million Audio CD recorders by the end of 1999, and three million by Christmas 2000.

"The Audio Compact Disc continues to grow in popularity, with around 800 million CD players in the world, and more people every day extending their accessibility of the format via portable players and in-car systems," says Guy Demuynck, Managing Director of Philips Business Group Audio. "Since all audio CD players are capable of playing recordings made on an Audio CD Recorder, the tremendous growth figures for Audio CD-R clearly indicate that consumers around the world are continuing to endorse the CD as their favourite music carrier."

Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of US$ 33.9 billion in 1998. It is a global leader in color television sets, lighting, electric shavers, color picture tubes for televisions and monitors, and one-chip TV products. Its 227,600 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, medical systems, business electronics, and IT services (Origin). Philips is quoted on the NYSE, London, Frankfurt, Amsterdam and other stock exchanges.

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