Royal Philips Electronics launched the next generation application for the Hue lighting system, allowing consumers to control their light bulbs using a smartphone or tablet with even more flexibility, depth and breadth than before. The new Philips Hue channel on IFTTT (If This Then That) enables the Hue system access to any application programming interface (API) on the Internet, allowing Hue smart bulbs to act as informational gateways and visual cues for updates on weather, stock quotes, sports scores, email, social media and more. Other features in V1.1 of the system include geofencing and "recurring schedules" -- both of which were added to the feature set in response to user feedback collected since Hue launched last fall. Geofencing approximates the managing device's location and controls lights as a user's smartphone or tablet approaches or leaves the home. In this way, lights can automatically turn on or change settings as a Hue user arrives home or the bulbs can shut down as a homeowner walks out the front door -- all without the user even having to take their smartphone out of their pocket. With the recurring schedules addition, Hue enthusiasts can now calendarize popular timer settings so that repetitive, daily behaviors in the home, like waking up and going to sleep, are supported and enhanced by Hue without having to reset them each day. The timer function can now also be set to "randomize" lights so that they turn on and off organically at unexpected times when an owner is away from home for extended periods, adding another level of security.

Philips announced that the company will launch the first-ever mobile phone supported by a quad core processor in the brand's history in June. Combining a 1.2GHz quad core processor with Philips' traditional Xenium battery performance, the W8510 stands out with its superb stand-by time in the fierce quad core mobile phone market of 2013, arguably the quad core mobile phone with the longest stand-by time on the market. The design inspiration comes from math symbols and geometric elements, which are stylish and vibrant. The new product's final function and display details are yet to be disclosed, but the metallic coating finish presents a very sleek and stylish look with a 4.7" HD brilliant display for sharp details, and a crystal-clear screen with a 180 degrees holistic view.

Koninklijke Philips Electronics NV announced that it has approved to pay a dividend over 2012 of EUR 0.75 per share in 2013. The dividend will be paid in cash or shares, at the shareholder's option. The company also announced that its shareholders at the Annual General Meeting held on May 3, 2013 adopted the proposal to amend the Articles of Association of the company to change the name of the company from Koninklijke Philips Electronics N.V. to Koninklijke Philips N.V.