GE switches off light bulb business after almost 130 years

Re:GE switches off light bulb business after almost 130 years by mlinhares on Wednesday May 27, 2020 @12:36PM (#23325877)

I don't think there's many people out there other than Boomers that look at GE as an important brand name. I definitely don't have anything from them nor do I plan to buy anything any time soon.

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Re:GE switches off light bulb business after almost 130 years by jjeaff on Wednesday May 27, 2020 @04:26PM (#23329481)

I would think it might carry some weight in the trades though. If I have some electrical component and it says GE on it, I am going to trust it a lot more than a "happy smile electronics" part. Whether that trust is misplaced or not is a different conversation, though.

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Re:GE switches off light bulb business after almost 130 years by nucleardog on Thursday May 28, 2020 @04:12AM (#23334791)

I think they're probably fine without your dollars or mindshare.

I suspect part of the reason they're getting out of a lot of this commodity (or borderline commodity) businesses is because they make much more money on building power plants and wind turbines, jet engines, medical equipment (MRI/CT/PET/etc machines and more), etc.

Some quick digging, and it looks like their lighting and industrial controls division made all of $300m in profit. Their aviation products alone profited over $28b.

If I were them, I wouldn't care either.

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Re:GE switches off light bulb business after almost 130 years by kube-system on Wednesday May 27, 2020 @06:03PM (#23330641)

FWIW, Forbes ranks them #16 https://www.forbes.com/powerful-brands/list/#tab:rank

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