PHILIPS Company Profile
Koninklijke Philips Electronics N.V. (Royal Philips Electronics Inc.), most commonly known as Philips, (Euronext: PHIA, NYSE: PHG) is a multinational Dutch electronics corporation.
Philips is one of the largest electronics companies in the world. In 2009, its sales were ?23.18 billion. The company employs 123,800 people in more than 60 countries.
Philips is organized in a number of sectors: Philips Consumer Lifestyle (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care), Philips Lighting and Philips Healthcare (formerly Philips Medical Systems).
The company was founded in 1891 by Gerard Philips, a maternal cousin of Karl Marx, in Eindhoven, the Netherlands. Its first products were light bulbs and other electro-technical equipment. Its first factory survives as a museum devoted to light sculpture. In the 1920s, the company started to manufacture other products, such as vacuum tubes (also known worldwide as 'valves'), In 1927 they acquired the British electronic valve manufacturers Mullard and in 1932 the German tube manufacturer Valvo, both of which became subsidiaries. In 1939 they introduced their electric razor, the Philishave(marketed in the USA using the Norelco brand name).
On 11 March 1927 Philips went on the air with a station called PCJ, now known as Radio Netherlands Worldwide. It was broadcast to the Dutch East Indies. The host of the first broadcast was Eddy Startz and from 1927 until he retired in 1969, Startz hosted a show called Happy Station (reportedly the world's longest-running shortwave radio programme, cancelled in 1995). The only time the station went off the air was when Nazi Germany invaded the Netherlands. Following the end of the war PCJ changed its name to Radio Netherlands and has continued broadcasting to this day.
Philips was also instrumental in the revival of the Stirling engine.
1951 - introduced the Philishave two-headed rotary shaver, marketed in the USA under the Norelco name.
1963 - introduced the Compact cassette.
1963 - introduced the first domestic home video tape recorder, the 405 line 1" tape reel model EL3400.
1978 - introduced the laserdisc player, using technology invented in the 1960s.
1978 - introduced the Philips Videopac G7000 (pictured at right), a home video game console developed by its Magnavox division. Marketed in the United States as the Odyssey2 console. Variations of the console are sold worldwide through 1984.
1979 - introduced the Video 2000-system: a technically superior design, but a commercial failure.
1982 - launched the Compact Disc in partnership with Sony.
1983 - participated in developing the MSX home computer standard. This computer standard was mainly popular in Japan and The Netherlands.
1991 - introduced the CD-i, the Compact Disc Interactive system which had many video-game console-type features, but was not a sales success .
1992 - launched the ill-fated Digital Compact Cassette format.
1995 - manufactured the Atari Jaguar's CD add-on for Atari.
1999 - launched the Super Audio CD in partnership with Sony.
2001 - successfully launched the Senseo coffeemaker, first in the Netherlands and from 2002 onwards, in other countries across Europe. It produces coffee by brewing from custom-made pads containing coffee grounds. The original Senseo pads are produced by Douwe Egberts. The Senseo has been available in the US since 2004.
2004 - Philips HomeLabs research center created the Mirror TV technology used in their MiraVision television line.
2006 - introduced the Blu-ray Disc in partnership with Sony.
2008 - introduced flatscreen with WOW VX technology. (3D tv)
2008 - introduced the Relationship Care range of Philips Intimate Massagers to the UK market.
The company receives a royalty on every DVD manufactured.
2009 - introduced the Philips Cinema 21:9 TV in a widescreen mode for HDTVs with an LCD display using the aspect ratio.
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