I'm not going to lie I haven't replaced my rechargeable Philips electronic razor in 7 years! Not even joking, it works perfectly to this day and it actually holds a significant charge. And I'm watching this on a Philips TV too LoL
my philips Norelco razors are going strong, 3 or them, just got new blades, now perfect shaves again, they still make great razors in the netherlands, for the top end models, some a Chinese though for the cheaper stuff
@@echelonrank3927 my 3 are closing in on 15 years at least, just got new blades for em, new blades really matter, sharp, smooth These where still Dutch made in Netherlands, not Chinah. Still all hold a charge, like my sonicare toothbrushes, probably just as old, just change the brush head every few months. My Philips made in mexico tv was still going after 16 years, with the ambilight feature. Finally wanted bigger, replaced it with LG OLED, 77" OLED is the way to go, Costco had best price, delivered free, online even though Philips used to invent lots of display stuff, IPS technology everyone uses, is Philips innovation on LCD displays, but OLED is the way to go now. now they are just a brand of nothing in tv's. just rent the name to TL, and group called TCP. like lots of other previous big names. LG and Samsung have clobbered the quality tv market. TCL is selling more than everyone, with cheap, they work tvs.
40 years ago, as a student, I bought a portable Philips radio cassette player. It was a beautiful thing that sounded great with it's ported bass speakers and a volume knob that turned even when you used the remote. I gave it to my brother when I went to work abroad. I recently found out that his adult sun sound still uses it as a stereo!
Why is Europe falling in innovation and technology? Let us take the example of Germany vs USA, and you will know the reason For a typical German IT company, the priorities for a Java developer employee are as below, Highest priority: German language skill Priority 2: Being a German citizen Priority 3: Having white skin Priority 4: Being Christian Priority 5: EU citizenship Lowest Priority: Knowledge in Java For a typical USA IT company, the priorities for a Java developer employee are as below, Highest priority: Deep Knowledge in Java Priority 2: Past experience in developing products Priority 3: Able to work more than 8 hours per day Lowest Priority: Ability to speak in USA accent Could you tell me? Which IT company, the one based in the USA vs Germany, will grow faster and conquer the world?
@@learningmaster8060 So not being able to speak English isn't an issue if you want to work in IT in America? I believe you also need to be American or at least have a green card to work in America. American IT companies are certainly better funded and, speaking English, gives them a wider market. Saying that, I was in Berlin for the past week, and nearly everyone spoke English. Nearly everyone I met seemed very happy with their lives.
It's a pity this video fails to mention the importance of Philip's contribution to the development of music recording technology and the production of long playing records. They were one of the biggest recording companies in the 50s and 60s and beyond.
@@CanonPanasonic-ProUseryes, but they were 1 of the 2 inventors of the compact disc. The other company was Sony. This invention revolutionised the audio (CD) and video (DVD) industry. The fact that we can now watch digital video and list er n to audio streaming is an evolution of what Philips and Sony developed when they invented the CD. Those 2 companies made the switch from analog to digital posible and mainstream. Another spin-off was the CD-ROM and DVD-ROM. This revolutionised the PC industry and it was an intermediate step to what we now have and use: cloud data storage.
In 1983, I began studying electronics. And Philips was a landmark to me. I saw it as a model of a technology company. They made everything. Medical advanced devices (MRI), TV image bulbs, chips... First CD and DVD players... I dreamed of becoming a research engineer.
@@shirleyscchan252 no. Just teenager dream. I became an English teacher, then a court bailiff, lawyer. But I miss the 1980's. It was a new world of technology, satellites, video cassetes, home PCs, supercomputers. As for Phillips, I admired it. It was like Apple or Samsung today. I used to ride the bus just past a Philips plant in Brazil but I never visited it.
Philips played a crucial role as an early investor and significant stakeholder in ASML, another Dutch company. Today, ASML boasts a market capitalization exceeding $400 billion, making it Europe's second most valuable company.
I work in tech and I use this one all the time. "You require your CFO to be versed in finances, why does your Chief Technology Officer have a sales background?"
Yes, but a bit different. McDonnell Douglas bought Boeing and moved to a stock holder served company instead of an engineering focused company. Saddest story in American Corporate history .
I was an employee of Philips in South Africa. It's truly sad to see such a great company losing market share. I suppose Samsung, Nokia and many others have them fierce competition.
I was just starting up as a drafting and design firm in the late 90's and Philips was my first client tasking me with designing a display for a new television with a modern styled analog round clock centered at the bottom. Very nice looking television!
As a recent PHILIPS medical division mgr I have experienced numerous problems such as numerous quality control, promises of new products based on mere talk as no production was planned shipping holds became and are now common yet sales quota demands remained. The sales force was reduced and new hires were not of the quality that a Fortune company would employ. R&D was reduced and growth was now growth thru acquisition. They are severely missing a huge market share by not genuinely listening to customer needs thru their own sales staff and by believing they know what customers need. The restructurings attitude is still "If you ain't Dutch you ain't much" and their stock reflects the self centered focus. The medical division is sadly losing market share and credibility.
This used to be my favorite electronics brandby 2006 I was surprised they no longer sold TVs in my country. But they continued to sell DVD 📀players and light bulbs 💡
The Eindhoven tech company group which was Philips, and now is ASML, Philips, Signify, NXP and Nexperia still is very dominant if you take in account that these companies combined run a lot of cutting edge tech. That saying, they are so different in nature that they could not function under one management. That's why Philips now makes a select range of products for niche markets and lends it's name to mass market products.
Does Philips still exist? Back in 1975, my father bought our first TV set. He said proudly it was the best brand (telefunken had a bad reputation then). Still, it was a transitor TV set, a novelty then. It was black and white. It was the the only TV set in the neighborhood for some years. On sunday afternoons, cousins, uncles and neighbors would fill our living room to watch soccer games. Unfortunately most rooted for a team which my father and I hated. They were noisy and wild about their team.
This brand was very successful in Brazil a few decades ago. Today Philips is synonymous with low quality electronic products that quickly stop working well.
that´s the price you pay as a company then you chase the super cheap labour. i hope tech production comes back to Europe so i can buy it made by a European at least.
Philips leases their name now on CD stuff, yup, decades Philips was high quality, when they actually made teh stuf. It's just anotehr name now in tv's etc. LG and Samsung have clobbered tv world. Even Panasonic, Sony, others are dust. OLED is the way to go. But, eventually Samsung and LG, with market share now, will go the way of Philips, Panasonic, it's the same routine. TCL is like teh largest now, selling super cheap stuff, people basically don't care, if it lights up, it's fine. BUT, if you do care, once you see LG or Samsung OLED, all else is unwatchable. My LG 77" OLED is great and a 5 year warranty got it throuh Costco. My old Philips went 16 years still works after I got rid of it. Still have a 55" Philips when it was made by Philips probably 14 years now, still going, if it dies I'll get another LG OLED just bigger. bigger is always better in OLED
Philips like many other European electronics companies (Grundig, Uher, Normende, Tanberg, Telefunken. Dual) started to have issue in the mid 60's. The completion from the Japanese companies who could produce products faster and cheaper in Japan than those manufactured in Europe. Years later Phillips would have to eventually move or outsource production to the Asian companies. Their saving grace at that point was the Philips Cassette which they license free of charge. This was so that it would become the industry standard. Philips electronics were still made in Europe for many years after this but as they consolidated their product lines all were manufactured in Asia. They do make products in a lot of categories, however their AV products are probably now licensed to other manufactures who use their name. They had licensed the name to Funai of Japan, but that deal was later cancelled after some litigation. I had a Philips Reel to Reel tape recorder in the 60s. It was built like a tank.
Philips products were 3 times expensive than competitors products. Other Europeans companies Murphy,Moulinix,Grundig took their business and Japanese and Chinese companies destroyed Philips.
At one time Philips owned Grundig, Marantz,even 35% of Matsushita, they started Panasonic in the 1950's with the Matsushita dude, he needed technology, Philips was the most advanced.... Matsushita was making pots and pans, and light bulb sockets, using Philips technology, they themselves grew into #1 consumer electronics company, which Philips was in the 50's 60's early 70's, Now LG and Samsung and other Chinese consumer electronics companies are bigger. Philips even worked with LG, called LG Philips display, as usual, Philips then bailed sold it all to LG. My first HDTV by Philips had an LG Philips screen, label had the name on it
@@cengeb dude my point is that Philips products were 3 time compared to compititor. Btw LG and Samsung are not Chinese companies they are actually Koreans. Japanese companies like Sony, Hitachi ,JVC ,National, Toshiba snatched a major chunk of Asian markets.
@@MullBatoora-kf6cj Never said LG and Samsung are Chinese, it came out wrong, i see ..LG and Samsung Korean, and other companies that are chinese TCL, Hisense, Haier(bought GE appliances) clobbered Philips in consumer electronics
It was the history of the company that caught my attention. From the name, I always assumed it originated in the UK or USA. Being Dutch, suggests innovation, resourcefulness and good money management. Hard to imagine such a company losing money. Also, as Dutch based, it makes sense that expansion into Asia included Indonesia. I assume its a more balanced working relationship than from the colonial era. The health-care segment looks to have been filmed in the New Guinean part of Indonesia. That in itself is informative. We get so little news of everyday life from that part of the World, where the 2 ethnicities overlap. As a sociologist, I wonder if the ethnic peoples in the far corners of Indonesia are able to become part of Philips company, even in the mgmt & technical departments. I don't know much about educational opportunities in modern Indonesia, but it is certainly a country on the move in this century. The documentary suggests Philips will advance in its overseas operations. In fact, it has a bit of the tone of an infomercial.
Yeah, Philips really blew it on the Respironics debacle, they only do medical health and personal care, and screw it up! Oy vey. After innovation for 120+ years, they can't made foam rubber correctly, then it drags on for years. Oy Vey. Now it's settled with FDA, but it made too many customers really mad, with how they handled it, not good
@@who-gives-a-toss_Bear For a company that innovated and pioneered so much stuff over it's 125+ years, and they can't produce foam rubber stuff properly, and when they find it's a problem, so many delays, really handled extremely poorly, they blew it, caused big PR bad name situations, in how they handled it, or not handled it. People involved in that debacle should no longer work at Philips. they created the problem by handling it so poorly.
Interesting video , their range of UK washing machines , tumble dryers , dushwashers, cooking and small appliances were exceptional. The un-connected product shown (00.11.40) is my Electra branded washing machine, a suite of appliances made by Philips for the UK Regional Electricity Boards, again a product line that sold very well. A shame it had its demise, was once THE Great Consumer Electronics Company On The World Stage .
I personally think this approach of Philips on medical healthcare is the future, the test they are busy doing in Singapore. If they get this right they would be ahead in the future of health care...
Did they publish anything yet? Or is it too early? Or just a short update/statement by them on things in the development pipeline? You got me curious, lol.
Shame. I have a Philips sunrise alarm clock, a Philips DAB stereo, a Philips shaver and a Philips TV... I grew up in a family where Philips was synonymous with quality. To be honest, I'm still waiting for one of my Philips appliances to let me down. It's never happened so far.
One great idea was a lightbulb consortium wherein they forced all members to drop average life from 10,000 hours to just 1000 hours or face huge, heavy fines. This was to force consumers to buy 10X more bulbs. It has stayed that was ever since. Very innovative.
Phillips really terrifichightech work ... getting heart rate weight temperature bloodpressure from a patient .. wow very hightech .. could not have done this 60 years ago ... oh wait we did .. pfff
@@gmy33 They pioneered MRI technology, all others came later. They also developed analytical xray, Xray diffraction and xray spectroscopy XRD and XRF Pioneered the car halogen lamp, H.I.D. xenon lamps, and first production car with LED headlights, working with Audi. Besides CD, DVD, audio cassette, and 100,000 plus other patents..They are a mere shell of what they where
In display technology IPS screens, OLED, was stuff Philips worked on, then they bailed on it all. OLED innovations , they where actually at one time the largest display panel maker a company called LG PHILIPS display, they sold it all off to LG, another thing they bailed on. Now LG probably makes OLED screens for everyone
I blame it on leadership not having the foresight, skill, and ability to quickly pivot and realize how to differentiate themselves from the competitors. I own some Philips TV and DVD players back in the day but they were nothing special, the competitors had more desirable products
This is presented as a heart-warming and a great story. And I think I had a CT scan recently using a Philips scanner, so, thank you Philips. But I struggle to fully grasp the economic reasons. In a strange story, Philips bought NXP, which had bought Motorola's SPS (semiconductor) division. There were so many product EOL (end of life) that has challenged engineers like me who rely on this chips. Would love a deep-dive into what happened here.
Philips did not buy NXP. Philips semi was spun off, and was renamed NXP, NXP has grown into a monster. Philips also started ASML, biggest supplier of chip making equipment. Philips and Taiwan gov't started TSMC, largest semi fab in the world, does stuff for everybody.. Philips even started Panasonic Electronics in the 1950's with the Matsushita dude, they owned Matsushita 35% for decades, they sold it off in the 1980's. Panasonic itself also is floundering
My paternal aunt used to work for Philips and she was designated as a supervisor and that time the working culture was totally different she was reporting from Kolkata-India 🌹❤️
I got an electric shaver from Philips and after 9 years its still laser sharp. Got a hair dyer, dropped like a 100 times and it still relentlessly blows... Philips is freaking good quality.
German dude, Heinrich Goebel, actually had a glowing filament in a perfume bottle before Edison, as did Swan, Edison managed to market it, he was a salesman first, Edison did get an area in NYC electrified, but he certainly did not invent the electric light. Marketing
@@cengebEdison invented the modern industrial research lab where lots of different specialists worked together. Up until then all inventors were lone wolves. "And what he did to Tesla is criminal" what does that have to do with light bulbs?
I have Philips products that still work for the full 100% for 15 and more years now. A Philips vacuum cleaner worked over 30 years, and those energy saving lamps still work after 15 years too.
Let us not forget in North America in the 50s through the 80s, Norelco products were a division of Philips. My dad had an old vacuum tube reel to reel tape recorder when I was a little d, which was Norelco.
The health tracker technology of philips is keenly needed in the UK, it will help the elderly people as the GP appointments are getting harder and harder to book, I hope the UK NHS think about this.
Excellent documentary and an inspiring message to everyone that when things look bad there is always another way. Philips reinventing themselves through diversification into other fields shows that they had great people within their company with open and clever minds.
I faced worst quality issues with Philips Radio and Audio Cassette players had 3 players all unreliable with belt, motor, switches, reception or antenna issues. Frequently broke down and now spares are unavailable.
The official name of the company is Philips Gloeilampemfabrieken - just thought you would like to know that! I too have always favoured Philips products, especially TVs, although since they last so long, we have not had very many in 50 years. The old CRT models were only replaced when we could afford a larger one, and we currently have the last of the non-smart flat screens: no doubt when that packs up (if ever!) it will have to be replaced with something Korean or Taiwanese...
Philips Components Division bought our company in late 1980’s. Our most profitable company was torn apart by Philips and, what was left of it was moved to China. Biggest mistake ever done
Great documentary. I had the great privilege to work with Philips from the late 1970s until the early 1990s, in the Data Systems (IT), Medial Systems, and Lighting divisions. Philips was and still is a truly great company with high quality product and a great company for its employees.
The goal is in 2025 3 Billion people to help, but the latest date in this video is 2016. We are now in 2024 and there has happened a lot, nothing mentioned about here. You are not up to date, it is more a promotional video about Philips.
From wiki, seems like is hasn´t gone as good as they hoped, and investment companies have come in with money and bought stakes. "In 2021, Philips Domestic Appliances was purchased by Hillhouse Capital for $4.4 Billion.[79] In 2022, Philips announced that Frans Van Houten, who had served as CEO for 12 years would be stepping down, after a key product recall cut the company's market value by more than half over the previous year.[80] He was to be replaced by Philips's EVP and Chief Business Leader of Connected Care, Roy Jakobs, effective October 15, 2022.[81][82] In 2023, the company announced that it would be cutting 6,000 jobs from the company worldwide over the next two years after reporting 1.6 billion euros in losses during the 2022 financial year. The cuts came in addition to a 4,000 staff reduction being announced in October 2022.[83] In August 2023, Exor N.V., the holding company owned by the Agnelli family, took a 15% stake in Philips. The transaction was worth roughly €2.6 billion"
In my career as a medical specialist (primarily surgical), I always thought that the Philips-branded medical equipment was very classy-looking. Unlike some of the better known brands in that niche, the Philips equipment never seemed to have the quirks and minor aggravations.
Philips Electrical Industries reached as far south as New Zealand. They had a large manufacturing facility in Naenae and a multi story building in Wellington whete they sold and maintained a wide variety of both consumer and industrial products. As electrical products from Japan grew in number, Phillips seemed to correspondingly declined. Then, dissappeared.
It still strikes me as odd… how and why did all of these failing companies (Sony, Philips, GE, Agfa, Siemens etc) turned their hand to the medical field?!? Why??
I am relatively hairy. I bought a Philips hair trimmer for personal use during the pandemic. I only charged it twice, the last one earlier this year. It was one of the best purchases I ever made.
Greetings: I serviced their consumer electronics as warranty service centre, prior and in2 the NAP era. Both were pleasurable. The devices were good. The service information, service telations, parts and prices were good. I prefer them over Sony everyday hands down. Such eere yhe good old days of electronics. 8:25
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!..
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to kiana rachel
She's recognized as 'Mrs Kiana rachel . One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well diversified portfolio, that has experienced exponential growth. It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent, and have strong hands to back it up.
It was not only Philips which saw CRT TV's as cash cows and was late into LCT TVs. Also SONY did the same mistake. Trinitron CRT TV was bringing good money and that is why they lost the leadership to Samsung. We are stuck now with the flimsy TVs of Samsung.
Not the first of such films. It remains false. Philips just exists. And has outsourced some of the most successful companies in their field like NXP, ASML, Signify, largely TSMC, etc. In this sense, Philips is probably the most successful company of the world.
This has happened to many companies in Europe or in Asia. The medical, healthcare market collects many of the historically strong tech, chemical, photo companies and most of them share the same difficulties, probably some consolidation and proper tech minded innovative leadership would help out these businesses. If that won't happen then this is just another sample of the flow what goes through the car industry or robotics, same old technology is cheaper to be produced by Chinese companies.
Founded by a Jewish father and son combo, with a family connection to Karl Marx. Father was a banker (of course) but the son was an engineer and the driving force behind the firm.
Quitting the game in manufacturing is not the answer. There's ups and down in business. Maybe it's time to think more and innovate more. Go and proceed please! You can do it! Change your mindset and thinking will change the future of your company
Thanks Philips and Pittsburgh; because Philips in Pittsburgh was the final nail in the coffin for this company. Maybe someone should be asking if any single person lost their job because of this.
If Philips kept the stuff they started ASML, NXP, TSMC...those alone would put Philips into the stratosphere, they blew it. All the stuff they developed in display technology IPS, was part of original HDTV consortium,
Fantastic video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
Lewis Howard Latimer improved Thomas Edison's light bulb. In a CNN article "No a Black man didn't invent the light bulb. Lewis Howard Latimer made it better" written by Leah Asmelash: He improved on Edison's original design by creating a light bulb with a more durable filament made of carbon. He sold the patent to the U.S. Electric Company in 1881.
Philips is actually doing fine. Yes its a lot smaller than it used to be, but normal consumer electronics are all made in Asia nowadays. They had to reform and so they did. Now their stock prices are back up a bit, almost 50% above their lowest point 2 years ago. And Eindhoven remains a tech hub with a great tech university. Philips started a small tech company in 1984 called ASML which is now one of the most important in the world with their lithography machines.
Philips and the Matsushita dude, it was his last name, started Panasonic in the 1950's Philips owned 35% of Matsushita for decades, they sold it off in the 1980's...I was there. Fact.
@@robertewalt7789 Panasonic had several candidates for a technical tie-up. Philips was eventually selected for further negotiations, one reason being that the two companies had done business together before the war and Philips had taken the initiative to contact Panasonic after the war to request a resumption of trade. Other reasons were Philips' advanced technology, and its excellent management performance. Philips had begun as a light bulb manufacturer in the Netherlands, a country even smaller than Japan, and had grown in just 60 years to become one of the world's major electric equipment manufacturers. But negotiations were rocky. Philips had suggested that the companies set up a jointly financed subsidiary, and wanted a fee for technical guidance. MEI was capitalized at ¥500 million at the time, while the subsidiary was to be capitalized at ¥660 million. Although Philips agreed to provide 30% of the capital, the funds they would apply to this would actually be coming from the technical guidance fee. The fee was to be 7% of the new company's sales, in contrast with 3% requested by American companies. Philips agreed that the figure was high, but refused to yield. It reflected, they said, the true value of their assistance, since they would be providing complete, unreserved technical support. Matsushita responded with a demand for a management guidance fee since, he reasoned, management expertise has a value as tangible as that of technical expertise. Philips eventually capitulated, and the companies concluded their tie-up, which led to the establishment of Matsushita Electronics Corporation(MEC) in December 1952, and the construction of a factory in Takatsuki, an Osaka suburb.
@@robertewalt7789 And they actually changed their name from Matsushita Corp. to Panasonic Corp several years back. The corp name is now Panasonic Corp, so the brand is the company. another fact. they bought the Motorola tv div in the late 60's to ge shelf space and distribution on U.S. stores, eventually Quasar brand disapeared, as Panasonic branding was being used for their tv's etc. Also on PBS Frontline a great documentary of how payoffs and bribes to distributors to get shelf space. Montgomery Wards is called out, they show an actual check made out to Montgomery Wards. They where dumping products under cost, and claiming they where selling for full price, while paying off the retailers. Samsung did the same stuff decades later
Can't expect Philip to switch to be pioneering AI. Staying focus on making durable consumer electronic goods that serves the majority of the world whether it is a toaster or a LED bulb.
Philips sold it's small appliance div to a Chinese fiance company a few years ago, they rent the name. Philips lighting is anotehr spinoff, is now called Signify, using Philips branding for some years, renting the name. Philips is only personal care and health care now, medical MRI etc. a mere spec of itself. It also used to be the largest private research operation, bigger than IBM, even a bigger research operation than what Bell Labs was...it's all gone now..even Bell Labs is all gone
Why is Europe falling in innovation and technology? Let us take the example of Germany vs USA, and you will know the reason For a typical German IT company, the priorities for a Java developer employee are as below, Highest priority: German language skill Priority 2: Being a German citizen Priority 3: Having white skin Priority 4: Being Christian Priority 5: EU citizenship Lowest Priority: Knowledge in Java For a typical USA IT company, the priorities for a Java developer employee are as below, Highest priority: Deep Knowledge in Java Priority 2: Past experience in developing products Priority 3: Able to work more than 8 hours per day Lowest Priority: Ability to speak in USA accent Could you tell me? Which IT company, the one based in the USA vs Germany, will grow faster and conquer the world?
I was an employee of Philips Malaysia in the 80s. Bought a Philips hair dryer in late 80s & its still blowing hot air till today
As they say, old is gold.
@@GlocalKhabar-ft6us Back then they still made quality stuff and invested in R&D
Up to now, I still buy Philips TV
I guess it's the difference between designing appliances to be a tool instead of a product.
It’s sad that expensive high quality products are less profitable than cheap, low quality, planned obsolete products.
I'm not going to lie I haven't replaced my rechargeable Philips electronic razor in 7 years! Not even joking, it works perfectly to this day and it actually holds a significant charge. And I'm watching this on a Philips TV too LoL
my philips Norelco razors are going strong, 3 or them, just got new blades, now perfect shaves again, they still make great razors in the netherlands, for the top end models, some a Chinese though for the cheaper stuff
7 years? thats sooo bad for business. u want these things chipped up to stop working 1 day after warranty expires.
@@echelonrank3927 my 3 are closing in on 15 years at least, just got new blades for em, new blades really matter, sharp, smooth These where still Dutch made in Netherlands, not Chinah. Still all hold a charge, like my sonicare toothbrushes, probably just as old, just change the brush head every few months. My Philips made in mexico tv was still going after 16 years, with the ambilight feature. Finally wanted bigger, replaced it with LG OLED, 77" OLED is the way to go, Costco had best price, delivered free, online even though Philips used to invent lots of display stuff, IPS technology everyone uses, is Philips innovation on LCD displays, but OLED is the way to go now. now they are just a brand of nothing in tv's. just rent the name to TL, and group called TCP. like lots of other previous big names. LG and Samsung have clobbered the quality tv market. TCL is selling more than everyone, with cheap, they work tvs.
My 10 years😊
My Philips electric shaver is over 20 years old and is working perfectly.
40 years ago, as a student, I bought a portable Philips radio cassette player. It was a beautiful thing that sounded great with it's ported bass speakers and a volume knob that turned even when you used the remote. I gave it to my brother when I went to work abroad. I recently found out that his adult sun sound still uses it as a stereo!
Why is Europe falling in innovation and technology?
Let us take the example of Germany vs USA, and you will know the reason
For a typical German IT company, the priorities for a Java developer employee are as below,
Highest priority: German language skill
Priority 2: Being a German citizen
Priority 3: Having white skin
Priority 4: Being Christian
Priority 5: EU citizenship
Lowest Priority: Knowledge in Java
For a typical USA IT company, the priorities for a Java developer employee are as below,
Highest priority: Deep Knowledge in Java
Priority 2: Past experience in developing products
Priority 3: Able to work more than 8 hours per day
Lowest Priority: Ability to speak in USA accent
Could you tell me? Which IT company, the one based in the USA vs Germany, will grow faster and conquer the world?
@@learningmaster8060 So not being able to speak English isn't an issue if you want to work in IT in America? I believe you also need to be American or at least have a green card to work in America.
American IT companies are certainly better funded and, speaking English, gives them a wider market. Saying that, I was in Berlin for the past week, and nearly everyone spoke English. Nearly everyone I met seemed very happy with their lives.
It's a pity this video fails to mention the importance of Philip's contribution to the development of music recording technology and the production of long playing records. They were one of the biggest recording companies in the 50s and 60s and beyond.
DCC was a disaster.
@@CanonPanasonic-ProUseryes, but they were 1 of the 2 inventors of the compact disc. The other company was Sony. This invention revolutionised the audio (CD) and video (DVD) industry. The fact that we can now watch digital video and list er n to audio streaming is an evolution of what Philips and Sony developed when they invented the CD. Those 2 companies made the switch from analog to digital posible and mainstream.
Another spin-off was the CD-ROM and DVD-ROM.
This revolutionised the PC industry and it was an intermediate step to what we now have and use: cloud data storage.
In 1983, I began studying electronics.
And Philips was a landmark to me.
I saw it as a model of a technology company.
They made everything.
Medical advanced devices (MRI), TV image bulbs, chips...
First CD and DVD players...
I dreamed of becoming a research engineer.
How about the final result? Did you work there?
First Betamax machine too... Then Sony bought the patent
@@shirleyscchan252 no.
Just teenager dream.
I became an English teacher, then a court bailiff, lawyer.
But I miss the 1980's.
It was a new world of technology, satellites, video cassetes, home PCs, supercomputers.
As for Phillips, I admired it.
It was like Apple or Samsung today.
I used to ride the bus just past a Philips plant in Brazil but I never visited it.
Philips played a crucial role as an early investor and significant stakeholder in ASML, another Dutch company. Today, ASML boasts a market capitalization exceeding $400 billion, making it Europe's second most valuable company.
In terms of technology it's the world's most valuable company.
TSMC is also a Philips adventure,
LG was in with Philips was called LG Philips Display, now the top OLED maker Philips as usual, sold their share to LG, after getting it moving.
What about military radar technology from "Hollandse Signaal"
@@ernstlemm9379 Philips owned Magnavox, which actually had a gov't products div, in sonar buoys....
Worked for Philips in the 60's/70's - great company, great people, great products.
Hiring a CEO who's not technical to lead a technical oriented firm is a big mistake.
Did you say Boeing?
I work in tech and I use this one all the time. "You require your CFO to be versed in finances, why does your Chief Technology Officer have a sales background?"
Boeing, Blizzard, pretty much the same issue.
Remember Commodore?
Yes, but a bit different. McDonnell Douglas bought Boeing and moved to a stock holder served company instead of an engineering focused company. Saddest story in American Corporate history .
I was an employee of Philips in South Africa. It's truly sad to see such a great company losing market share. I suppose Samsung, Nokia and many others have them fierce competition.
Thanks!
Am from India. I use Philips TV, Shaving machine and also sound bar. The 2nd and 3rd am using for past 5 years. It was awesome. I love Philips.
I was just starting up as a drafting and design firm in the late 90's and Philips was my first client tasking me with designing a display for a new television with a modern styled analog round clock centered at the bottom. Very nice looking television!
As a recent PHILIPS medical division mgr I have experienced numerous problems such as numerous quality control, promises of new products based on mere talk as no production was planned shipping holds became and are now common yet sales quota demands remained. The sales force was reduced and new hires were not of the quality that a Fortune company would employ. R&D was reduced and growth was now growth thru acquisition. They are severely missing a huge market share by not genuinely listening to customer needs thru their own sales staff and by believing they know what customers need. The restructurings attitude is still "If you ain't Dutch you ain't much" and their stock reflects the self centered focus. The medical division is sadly losing market share and credibility.
This used to be my favorite electronics brandby 2006 I was surprised they no longer sold TVs in my country. But they continued to sell DVD 📀players and light bulbs 💡
The Eindhoven tech company group which was Philips, and now is ASML, Philips, Signify, NXP and Nexperia still is very dominant if you take in account that these companies combined run a lot of cutting edge tech. That saying, they are so different in nature that they could not function under one management. That's why Philips now makes a select range of products for niche markets and lends it's name to mass market products.
In the past, Philips was top brand in Brazil, but, nowadays, is totally forgotten.
Ooh my...😔
Does Philips still exist?
Back in 1975, my father bought our first TV set. He said proudly it was the best brand (telefunken had a bad reputation then).
Still, it was a transitor TV set, a novelty then.
It was black and white.
It was the the only TV set in the neighborhood for some years.
On sunday afternoons, cousins, uncles and neighbors would fill our living room to watch soccer games.
Unfortunately most rooted for a team which my father and I hated. They were noisy and wild about their team.
Same in India. It was everywhere.
This brand was very successful in Brazil a few decades ago. Today Philips is synonymous with low quality electronic products that quickly stop working well.
that´s the price you pay as a company then you chase the super cheap labour. i hope tech production comes back to Europe so i can buy it made by a European at least.
chinese bought the brand and started capitalizing on its reputation by destroying it
Philips leases their name now on CD stuff, yup, decades Philips was high quality, when they actually made teh stuf. It's just anotehr name now in tv's etc. LG and Samsung have clobbered tv world. Even Panasonic, Sony, others are dust. OLED is the way to go. But, eventually Samsung and LG, with market share now, will go the way of Philips, Panasonic, it's the same routine. TCL is like teh largest now, selling super cheap stuff, people basically don't care, if it lights up, it's fine. BUT, if you do care, once you see LG or Samsung OLED, all else is unwatchable. My LG 77" OLED is great and a 5 year warranty got it throuh Costco. My old Philips went 16 years still works after I got rid of it. Still have a 55" Philips when it was made by Philips probably 14 years now, still going, if it dies I'll get another LG OLED just bigger. bigger is always better in OLED
Philips like many other European electronics companies (Grundig, Uher, Normende, Tanberg, Telefunken. Dual) started to have issue in the mid 60's. The completion from the Japanese companies who could produce products faster and cheaper in Japan than those manufactured in Europe. Years later Phillips would have to eventually move or outsource production to the Asian companies. Their saving grace at that point was the Philips Cassette which they license free of charge. This was so that it would become the industry standard. Philips electronics were still made in Europe for many years after this but as they consolidated their product lines all were manufactured in Asia. They do make products in a lot of categories, however their AV products are probably now licensed to other manufactures who use their name. They had licensed the name to Funai of Japan, but that deal was later cancelled after some litigation. I had a Philips Reel to Reel tape recorder in the 60s. It was built like a tank.
Philip's classic electric dry iron was well reverred in Nigeria. They were notorious for being virtually indestructible.
Our first TV and cassette player were Phillips. Have great memories with this brand. Thank you Phillips for making our life so much entertaining.
My first cassette player also was Philips, and is in fact the one shown in this video, the N2205. Lovely designed product.
Philips products were 3 times expensive than competitors products. Other Europeans companies Murphy,Moulinix,Grundig took their business and Japanese and Chinese companies destroyed Philips.
At one time Philips owned Grundig, Marantz,even 35% of Matsushita, they started Panasonic in the 1950's with the Matsushita dude, he needed technology, Philips was the most advanced.... Matsushita was making pots and pans, and light bulb sockets, using Philips technology, they themselves grew into #1 consumer electronics company, which Philips was in the 50's 60's early 70's, Now LG and Samsung and other Chinese consumer electronics companies are bigger. Philips even worked with LG, called LG Philips display, as usual, Philips then bailed sold it all to LG. My first HDTV by Philips had an LG Philips screen, label had the name on it
@@cengeb dude my point is that Philips products were 3 time compared to compititor. Btw LG and Samsung are not Chinese companies they are actually Koreans. Japanese companies like Sony, Hitachi ,JVC ,National, Toshiba snatched a major chunk of Asian markets.
@@MullBatoora-kf6cj Never said LG and Samsung are Chinese, it came out wrong, i see ..LG and Samsung Korean, and other companies that are chinese TCL, Hisense, Haier(bought GE appliances) clobbered Philips in consumer electronics
It was the history of the company that caught my attention.
From the name, I always assumed it originated in the UK or USA.
Being Dutch, suggests innovation, resourcefulness and good money management. Hard to imagine such a company losing money.
Also, as Dutch based, it makes sense that expansion into Asia included Indonesia. I assume its a more balanced working relationship than from the colonial era.
The health-care segment looks to have been filmed in the New Guinean part of Indonesia. That in itself is informative. We get so little news of everyday life from that part of the World, where the 2 ethnicities overlap.
As a sociologist, I wonder if the ethnic peoples in the far corners of Indonesia are able to become part of Philips company, even in the mgmt & technical departments.
I don't know much about educational opportunities in modern Indonesia, but it is certainly a country on the move in this century.
The documentary suggests Philips will advance in its overseas operations. In fact, it has a bit of the tone of an infomercial.
As a CPAP user I was surprised by the Philips recall issues.
Yeah, Philips really blew it on the Respironics debacle, they only do medical health and personal care, and screw it up! Oy vey. After innovation for 120+ years, they can't made foam rubber correctly, then it drags on for years. Oy Vey. Now it's settled with FDA, but it made too many customers really mad, with how they handled it, not good
I was surprised it took so long to replace the old unit that had been contaminating my night time air with a cheap old foam damping product.
@@who-gives-a-toss_Bear For a company that innovated and pioneered so much stuff over it's 125+ years, and they can't produce foam rubber stuff properly, and when they find it's a problem, so many delays, really handled extremely poorly, they blew it, caused big PR bad name situations, in how they handled it, or not handled it. People involved in that debacle should no longer work at Philips. they created the problem by handling it so poorly.
Phillips makes good products. They need to hire a marketing firm that can inform the public of the quality of their products.
Interesting video , their range of UK washing machines , tumble dryers , dushwashers, cooking and small appliances were exceptional. The un-connected product shown (00.11.40) is my Electra branded washing machine, a suite of appliances made by Philips for the UK Regional Electricity Boards, again a product line that sold very well. A shame it had its demise, was once THE Great Consumer Electronics Company On The World Stage .
I personally think this approach of Philips on medical healthcare is the future, the test they are busy doing in Singapore. If they get this right they would be ahead in the future of health care...
Did they publish anything yet? Or is it too early? Or just a short update/statement by them on things in the development pipeline? You got me curious, lol.
Our first colour tv was a Phillips . Extraordinary day in the life back then when mostly everyone still had black and white.
Shame.
I have a Philips sunrise alarm clock, a Philips DAB stereo, a Philips shaver and a Philips TV... I grew up in a family where Philips was synonymous with quality.
To be honest, I'm still waiting for one of my Philips appliances to let me down. It's never happened so far.
thank you Philips for your innovations in saving people's lives
One great idea was a lightbulb consortium wherein they forced all members to drop average life from 10,000 hours to just 1000 hours or face huge, heavy fines. This was to force consumers to buy 10X more bulbs. It has stayed that was ever since. Very innovative.
@@DK-vx5co Phoebus cartel. Philips even pioneered planned obsolescence
Phillips really terrifichightech work ... getting heart rate weight temperature bloodpressure from a patient .. wow very hightech .. could not have done this 60 years ago ... oh wait we did .. pfff
@@gmy33 They pioneered MRI technology, all others came later. They also developed analytical xray, Xray diffraction and xray spectroscopy XRD and XRF Pioneered the car halogen lamp, H.I.D. xenon lamps, and first production car with LED headlights, working with Audi. Besides CD, DVD, audio cassette, and 100,000 plus other patents..They are a mere shell of what they where
@@gmy33 TSMC, ASML, are companies started by Philips, as is NXP...all bigger than Philips itself, they bailed too early on their startups
In display technology IPS screens, OLED, was stuff Philips worked on, then they bailed on it all. OLED innovations , they where actually at one time the largest display panel maker a company called LG PHILIPS display, they sold it all off to LG, another thing they bailed on. Now LG probably makes OLED screens for everyone
Philips and Nokia sharing the same fate of European tech giants who were too stubborn and arrogant. 😅
I blame it on leadership not having the foresight, skill, and ability to quickly pivot and realize how to differentiate themselves from the competitors. I own some Philips TV and DVD players back in the day but they were nothing special, the competitors had more desirable products
ASML will be next
@@hoihoihoi1951 why
This is presented as a heart-warming and a great story. And I think I had a CT scan recently using a Philips scanner, so, thank you Philips. But I struggle to fully grasp the economic reasons. In a strange story, Philips bought NXP, which had bought Motorola's SPS (semiconductor) division. There were so many product EOL (end of life) that has challenged engineers like me who rely on this chips. Would love a deep-dive into what happened here.
Philips did not buy NXP. Philips semi was spun off, and was renamed NXP, NXP has grown into a monster. Philips also started ASML, biggest supplier of chip making equipment. Philips and Taiwan gov't started TSMC, largest semi fab in the world, does stuff for everybody.. Philips even started Panasonic Electronics in the 1950's with the Matsushita dude, they owned Matsushita 35% for decades, they sold it off in the 1980's. Panasonic itself also is floundering
During the flat screen era of crt tvs, all brands including philips used philips ICs inside,even trinitrons and wegas were powered by philips ICs.
My paternal aunt used to work for Philips and she was designated as a supervisor and that time the working culture was totally different she was reporting from Kolkata-India 🌹❤️
Philips still lighting the world.....new research and innovative ideas.....God bless
I got an electric shaver from Philips and after 9 years its still laser sharp. Got a hair dyer, dropped like a 100 times and it still relentlessly blows... Philips is freaking good quality.
3:15 Thomas Edison did not invent the light bulb.
German dude, Heinrich Goebel, actually had a glowing filament in a perfume bottle before Edison, as did Swan, Edison managed to market it, he was a salesman first, Edison did get an area in NYC electrified, but he certainly did not invent the electric light. Marketing
Yes he did. But he was not alone. I wonder whose bulb was more practical.
@@jcc4tube Using the term 'invent" has a meaning. Edison didn't invent the electric lamp. And what he did to Tesla is criminal
@@cengebEdison invented the modern industrial research lab where lots of different specialists worked together. Up until then all inventors were lone wolves. "And what he did to Tesla is criminal" what does that have to do with light bulbs?
What does what Edison did to Tesla v to do with light issue
My first smart phone was a Philips. Can’t believe it’s been so many years.
Phillips should look into the history of apple . Very similar story
Excellent video in your channel! Your video is very informative. Thank you.
Please remove the terrible background music from your content.
what music? in the video? i paused it at the beginning, just came to read the comments LOL
@@josepeixoto3384 utube might also add fart noises / probably punishment for blocking ads
Disagree
they erased my comment
Why is the thumbnail a picture of the Beirut Port after the explosion? What does that have to do with the video at all?
I have Philips products that still work for the full 100% for 15 and more years now. A Philips vacuum cleaner worked over 30 years, and those energy saving lamps still work after 15 years too.
My Philips hair dryer is still working after 47 years. Granted, I don't use it that much any more.
The Philips 900 series is one of the most beautiful minimalistic-futuristic designs in hifi components ever.
@@alexkaa I have several of them
Let us not forget in North America in the 50s through the 80s, Norelco products were a division of Philips. My dad had an old vacuum tube reel to reel tape recorder when I was a little d, which was Norelco.
I love this company, our first TV brand. Always close to my heart
A good and interesting topics video. Thank you
The health tracker technology of philips is keenly needed in the UK, it will help the elderly people as the GP appointments are getting harder and harder to book, I hope the UK NHS think about this.
Excellent documentary and an inspiring message to everyone that when things look bad there is always another way. Philips reinventing themselves through diversification into other fields shows that they had great people within their company with open and clever minds.
I faced worst quality issues with Philips Radio and Audio Cassette players had 3 players all unreliable with belt, motor, switches, reception or antenna issues. Frequently broke down and now spares are unavailable.
The official name of the company is Philips Gloeilampemfabrieken - just thought you would like to know that! I too have always favoured Philips products, especially TVs, although since they last so long, we have not had very many in 50 years. The old CRT models were only replaced when we could afford a larger one, and we currently have the last of the non-smart flat screens: no doubt when that packs up (if ever!) it will have to be replaced with something Korean or Taiwanese...
Philips Components Division bought our company in late 1980’s. Our most profitable company was torn apart by Philips and, what was left of it was moved to China. Biggest mistake ever done
Unfortunately that kind of thing happens far to often. Much innovation lost that way.
Great documentary. I had the great privilege to work with Philips from the late 1970s until the early 1990s, in the Data Systems (IT), Medial Systems, and Lighting divisions. Philips was and still is a truly great company with high quality product and a great company for its employees.
The goal is in 2025 3 Billion people to help, but the latest date in this video is 2016. We are now in 2024 and there has happened a lot, nothing mentioned about here. You are not up to date, it is more a promotional video about Philips.
From wiki, seems like is hasn´t gone as good as they hoped, and investment companies have come in with money and bought stakes.
"In 2021, Philips Domestic Appliances was purchased by Hillhouse Capital for $4.4 Billion.[79]
In 2022, Philips announced that Frans Van Houten, who had served as CEO for 12 years would be stepping down, after a key product recall cut the company's market value by more than half over the previous year.[80] He was to be replaced by Philips's EVP and Chief Business Leader of Connected Care, Roy Jakobs, effective October 15, 2022.[81][82]
In 2023, the company announced that it would be cutting 6,000 jobs from the company worldwide over the next two years after reporting 1.6 billion euros in losses during the 2022 financial year. The cuts came in addition to a 4,000 staff reduction being announced in October 2022.[83]
In August 2023, Exor N.V., the holding company owned by the Agnelli family, took a 15% stake in Philips. The transaction was worth roughly €2.6 billion"
Customers were consumers, now consumers are customer patients... SDG, Agenda2030...
@@peterklein4349 Can you explain this.
This video is some years old. It forgets to mention the quality crisis in Respironics and the mass layoffs....
Exactly, outdated
In my career as a medical specialist (primarily surgical), I always thought that the Philips-branded medical equipment was very classy-looking. Unlike some of the better known brands in that niche, the Philips equipment never seemed to have the quirks and minor aggravations.
Philips Electrical Industries reached as far south as New Zealand. They had a large manufacturing facility in Naenae and a multi story building in Wellington whete they sold and maintained a wide variety of both consumer and industrial products. As electrical products from Japan grew in number, Phillips seemed to correspondingly declined. Then, dissappeared.
It still strikes me as odd… how and why did all of these failing companies (Sony, Philips, GE, Agfa, Siemens etc) turned their hand to the medical field?!?
Why??
I'm Dutch , and grew up with Philips© products , and still waiting for the Philips© sniffer tv or radio..odeur in your room , when watching our beautifull Tulips
I am relatively hairy. I bought a Philips hair trimmer for personal use during the pandemic. I only charged it twice, the last one earlier this year. It was one of the best purchases I ever made.
Greetings: I serviced their consumer electronics as warranty service centre, prior and in2 the NAP era. Both were pleasurable. The devices were good. The service information, service telations, parts and prices were good. I prefer them over Sony everyday hands down. Such eere yhe good old days of electronics. 8:25
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!..
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to kiana rachel
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading.
How can someone know a professional broker when legit once are hard to find this days
She's recognized as 'Mrs Kiana rachel . One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well diversified portfolio, that has experienced exponential growth. It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent, and have strong hands to back it up.
30 years ago I woulda be proud on philips and their dutch origin.
Right now I feel ashamed to share the same country with them.
That changed quickly
FOcusing on healthcare was a smart strategic move
Smart and strategic
It was not only Philips which saw CRT TV's as cash cows and was late into LCT TVs. Also SONY did the same mistake. Trinitron CRT TV was bringing good money and that is why they lost the leadership to Samsung. We are stuck now with the flimsy TVs of Samsung.
Well done infomercial for Philips.
Philips sold its semiconductor company in the Netherlands and today NXP is huge!
Not the first of such films. It remains false. Philips just exists. And has outsourced some of the most successful companies in their field like NXP, ASML, Signify, largely TSMC, etc. In this sense, Philips is probably the most successful company of the world.
Still today I have the Walkman and my TV 📺 is with me 🌹❤️
This has happened to many companies in Europe or in Asia. The medical, healthcare market collects many of the historically strong tech, chemical, photo companies and most of them share the same difficulties, probably some consolidation and proper tech minded innovative leadership would help out these businesses. If that won't happen then this is just another sample of the flow what goes through the car industry or robotics, same old technology is cheaper to be produced by Chinese companies.
Thumbs down for bad "background" music.
Chaino? What country is that?😅
Always associate Phillips with quality and fair prices...
Having a medical dept selling products to BtC customers without a product liability dept was a scary scenario.
Founded by a Jewish father and son combo, with a family connection to Karl Marx.
Father was a banker (of course) but the son was an engineer and the driving force behind the firm.
Before Philips was introduced into the European market and USA 🇺🇸 the Board of directors announced that Philips will be named after Philivision 🌹❤️
Quitting the game in manufacturing is not the answer. There's ups and down in business. Maybe it's time to think more and innovate more. Go and proceed please! You can do it! Change your mindset and thinking will change the future of your company
28:30 onward convinced me that the company will bankrupt soon.
😂 funny indeed..😊
Thanks Philips and Pittsburgh; because Philips in Pittsburgh was the final nail in the coffin for this company. Maybe someone should be asking if any single person lost their job because of this.
Lawyers and MBA managers.....They missed the PC, the mobile phones and now the electric cars.
If Philips kept the stuff they started ASML, NXP, TSMC...those alone would put Philips into the stratosphere, they blew it. All the stuff they developed in display technology IPS, was part of original HDTV consortium,
Saving peoples lives is big business.
Phillips hue could have been great but was far too expensive.
Agree about the price. But it is not a "was" yet. They still sell well in the UK.
*Philips*
Phillips electronics were wow!
*Philips*
Technology is changing all the time and you have to stay abreast of these changes because if you don’t you will disappear
Fantastic video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong. .
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Janet..
High recommended🙌
Wow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people
I thought myself and my family were
the only ones enjoying Janet
trade benefits
Lewis Howard Latimer improved Thomas Edison's light bulb. In a CNN article "No a Black man didn't invent the light bulb. Lewis Howard Latimer made it better" written by Leah Asmelash:
He improved on Edison's original design by creating a light bulb with a more durable filament made of carbon. He sold the patent to the U.S. Electric Company in 1881.
Everyone knew that Philips TV's in the 80's was the best and they were very expensive as well.
I loved my Velo 500.
Since birth...philips'brand still.. .intact'wrldwide now still winding&kicking!!!
Philips is actually doing fine. Yes its a lot smaller than it used to be, but normal consumer electronics are all made in Asia nowadays. They had to reform and so they did. Now their stock prices are back up a bit, almost 50% above their lowest point 2 years ago. And Eindhoven remains a tech hub with a great tech university. Philips started a small tech company in 1984 called ASML which is now one of the most important in the world with their lithography machines.
NXP, is what used to be Philips semi, why do they bail on stuff?
Philips' problem was not marketing, it was the lack of research and development.
Make Philips better.❤🇹🇷
Sony is toast now also, Panasonic was started by Philips in the 1950's..Panasonic is also in trouble
Panasonic is a subsidiary of the Japanese company Matsushita.
Philips and the Matsushita dude, it was his last name, started Panasonic in the 1950's Philips owned 35% of Matsushita for decades, they sold it off in the 1980's...I was there. Fact.
@@robertewalt7789 Panasonic had several candidates for a technical tie-up. Philips was eventually selected for further negotiations, one reason being that the two companies had done business together before the war and Philips had taken the initiative to contact Panasonic after the war to request a resumption of trade. Other reasons were Philips' advanced technology, and its excellent management performance. Philips had begun as a light bulb manufacturer in the Netherlands, a country even smaller than Japan, and had grown in just 60 years to become one of the world's major electric equipment manufacturers.
But negotiations were rocky. Philips had suggested that the companies set up a jointly financed subsidiary, and wanted a fee for technical guidance. MEI was capitalized at ¥500 million at the time, while the subsidiary was to be capitalized at ¥660 million. Although Philips agreed to provide 30% of the capital, the funds they would apply to this would actually be coming from the technical guidance fee.
The fee was to be 7% of the new company's sales, in contrast with 3% requested by American companies. Philips agreed that the figure was high, but refused to yield. It reflected, they said, the true value of their assistance, since they would be providing complete, unreserved technical support. Matsushita responded with a demand for a management guidance fee since, he reasoned, management expertise has a value as tangible as that of technical expertise.
Philips eventually capitulated, and the companies concluded their tie-up, which led to the establishment of Matsushita Electronics Corporation(MEC) in December 1952, and the construction of a factory in Takatsuki, an Osaka suburb.
@@robertewalt7789 And they actually changed their name from Matsushita Corp. to Panasonic Corp several years back. The corp name is now Panasonic Corp, so the brand is the company. another fact. they bought the Motorola tv div in the late 60's to ge shelf space and distribution on U.S. stores, eventually Quasar brand disapeared, as Panasonic branding was being used for their tv's etc. Also on PBS Frontline a great documentary of how payoffs and bribes to distributors to get shelf space. Montgomery Wards is called out, they show an actual check made out to Montgomery Wards. They where dumping products under cost, and claiming they where selling for full price, while paying off the retailers. Samsung did the same stuff decades later
They worked on pioneering work on fold able Lithium battery technology, and folding display screens, others took it and ran with it.
The CDi lost them a few million I would imagine.
$1 billion from what I heard
Respect for Netherland ( Holland)🇳🇱 🌍
Can't expect Philip to switch to be pioneering AI. Staying focus on making durable consumer electronic goods that serves the majority of the world whether it is a toaster or a LED bulb.
Philips sold it's small appliance div to a Chinese fiance company a few years ago, they rent the name. Philips lighting is anotehr spinoff, is now called Signify, using Philips branding for some years, renting the name. Philips is only personal care and health care now, medical MRI etc. a mere spec of itself. It also used to be the largest private research operation, bigger than IBM, even a bigger research operation than what Bell Labs was...it's all gone now..even Bell Labs is all gone
Why is Europe falling in innovation and technology?
Let us take the example of Germany vs USA, and you will know the reason
For a typical German IT company, the priorities for a Java developer employee are as below,
Highest priority: German language skill
Priority 2: Being a German citizen
Priority 3: Having white skin
Priority 4: Being Christian
Priority 5: EU citizenship
Lowest Priority: Knowledge in Java
For a typical USA IT company, the priorities for a Java developer employee are as below,
Highest priority: Deep Knowledge in Java
Priority 2: Past experience in developing products
Priority 3: Able to work more than 8 hours per day
Lowest Priority: Ability to speak in USA accent
Could you tell me? Which IT company, the one based in the USA vs Germany, will grow faster and conquer the world?