Philips predicts sleep machine sales to recover by 2025 as ventilator recall rages on

In its first earnings report since passing the anniversary of its international respiratory device recall, Philips saw yet another quarter of slipping sales.

For the second quarter of 2022, the medtech giant reported 4.2 billion euros ($4.3 billion) in sales, a drop of about 7% compared to the same period last year.