Philips Electronics Company Description
Royal Philips Electronics has its royal fingers in lots of different pies. It makes consumer electronics, including TVs, VCRs, DVD players, and fax machines. But it also makes light bulbs (#1 worldwide), electric shavers (#1) and other personal care appliances, picture tubes, medical systems, and silicon systems solutions. Consumer electronics account for the largest portion of the company's sales. Philips has been dumping noncore businesses -- such as its stake in music giant PolyGram, mobile phones operations, and its chip unit -- while acquiring and forming joint ventures in its primary lines of business, including medical equipment financing, thin film LCD panels, and digital rights management.
View the Comprehensive Company Description for Philips Electronics
The Company Description provides a historical perspective of Philips Electronics's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Philips Electronics's evolution in the marketplace.
