About Philips - Sound & Vision
Founded in Holland in 1891, Kononklijke Philips N.V. started out producing carbon filament lamps, but has gone on to become one of the world's largest electronics companies with a presence in more than 60 countries and more than 120,000 employees.
After a difficult start, which included the directors fleeing to North America to evade the German invasion of Holland during World War II, Philips emerged as a major player with radios, lighting, engines and one of its greatest creations: the compact audio cassette.
Philips is organised into three main divisions: Philips Consumer Lifestyle, Philips Healthcare and Philips Lighting. The lighting division may not be the company's most well-known branch, but in fact Philips is the world's largest manufacturer of lighting by revenue. Indeed the first factory in Holland has now been turned into a light sculpture museum. And it's a world leader in healthcare, providing everything from ECG monitors and X-Ray machines to hospitals around the globe right through to home solutions for feeding infants.
But it's the consumer electronics division that strikes a chord with the buying public. Philips flatscreen TVs and audio equipment, including MP3 players and high-end headphones, have become synonymous with quality. In fact Philips has consistently been at the vanguard of audio technology and its MP3 players and innovative speaker systems are highly regarded in the industry. It is also a market leader in personal grooming, with its electric shavers selling in huge numbers.