Philips is a multinational company that manufactures and distributes consumer electronics, lighting, medical systems, domestic appliances and personal care products. Over decades of research and development, Philips innovations have led to breakthroughs in electronics such as CDs and Blu-ray.
Key Dates
- 1891: Philips founds company in Eindhoven, Netherlands
- 1914: Research laboratory opens
- 1918: Medical X-ray tube introduced
- 1927: Start producing radios
- 1939: First electric shaver
- 1963: Invents Compact Audio Cassette
- 1972: PolyGram record label is introduced
- 1974: Acquires Magnavox
- 1982: Introduces Compact Discs
- 2006: Introduces Blu-ray
Philips Competitors
Sony Corporation: Official Site | Wikipedia
Panasonic: Official Site | Wikipedia
Samsung: Official Site | Wikipedia
NEC: Official Site | Wikipedia
Thomson: Official Site | Wikipedia
Harman: Official Site | Wikipedia
Creative: Official Site | Wikipedia
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References
Fast Facts
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Stock symbol
PHG (NYSE)
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Annual revenue (2006)
€26.976 billion
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Founder
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Year established
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Industry
Electronics
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Phone
(888) 744-5477 (consumer electronics)
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HQ
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U.S. HQ
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Fact:
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U.S. CEO
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U.S. CFO
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Staff
125,500 (2007)
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Products
consumer electronics, lighting, medical systems, domestic appliances
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Fact:
Philips was a maternal cousin of Karl Marx
