- Philips Consumer Electronics
company_name = Philips Consumer Electronics
foundation = 1891
company_slogan = "Sense and Simplicity"
Amsterdam, the Netherlands
Gerard Kleisterlee, CEO
homepage = [http://www.consumer.philips.com/ www.consumer.philips.com]
revenue = profit € 10.576 billion (2006)
net_income = profit € 416 million (2006)
Philips Consumer Electronics is a part of Koninklijke Philips Electronics N.V. (usually known as
Philips); and is one of the largest electronicscompanies in the world. In 2005, its sales were € 30.4 billion ( US$38.9 billion) and it employed 161,500 people in more than 60 countries. Other Philips divisions are: Philips Lighting, Philips Medical Systems, Philips Domestic Appliances and Personal Care. The Consumer Electronics division is the only Philips division located in Amsterdam. In 2008, Philips Consumer Electronics was consolidated with Philips Domestic Appliances and Personal Care to create Philips Consumer Lifestyles.
While Philips' first product was manufactured in 1891, the first product that would fit in the Consumer Electronics division was a
television, experimentally manufactured in 1925. In 1927, Philips began producing radios. Only five years later, Philips had sold one million of them. One other major product release came in 1963, when the Compact Cassettewas introduced.
After Philips Consumer Electronics acquired companies as
Magnavoxand Sylvaniain the late 1970s, Philips managed to sell their 100-millionth tv-set in 1984. Philips still is the European television market leader, as well as the third in the world.
Because of the enormous growth, Philips decided to split up their company divisions during the 1990s. While Philips CE contains most of the
Consumer Electronics, other products such as Philips' shavers were located under the Domestic Appliances division.
Major consumer electronics products
Philipsintroduced the Compact Cassette.
Philipsintroduced the laserdiscplayer, using technology invented in the 1960s.
Philipsintroduced the Video 2000system: a technically superior design, but a commercial failure.
Philipslaunched the Compact Discin partnership with Sony.
Philipsintroduced CD-i, the Compact Disc Interactive systemwhich was sold in the interactive kiosk market with some models featuring video game related content.
Philipslaunched the ill-fated Digital Compact Cassetteformat.
Philipsreleased the first DVD, in partnership with Sonyand Toshiba.
Philipsintroduced Ambilight, a feature which combines televisionand lighting technology.
The company still receives a
royaltyon every DVDmanufactured [http://news.bbc.co.uk/1/hi/magazine/4330826.stm] .
* [http://www.philips.com Philips Global]
* [http://www.consumer.philips.com Philips Consumer Electronics website]
CE Product departments
* [http://www.consumer.philips.com/consumer/catalog/tree/TV_GR_US_CONSUMER/catalog.jsp?language=en&country=US&catalogType=CONSUMER Televisions]
* [http://www.consumer.philips.com/consumer/catalog/tree/HOME_ENTERTAINMENT_GR_US_CONSUMER/catalog.jsp?language=en&country=US&catalogType=CONSUMER Home entertainment]
* [http://www.consumer.philips.com/consumer/catalog/tree/PORTABLE_ENTERTAINMENT_GR_US_CONSUMER/catalog.jsp?language=en&country=US&catalogType=CONSUMER Portable entertainment]
* [http://www.consumer.philips.com/consumer/catalog/tree/PC_PRODUCTS_GR_US_CONSUMER/catalog.jsp?language=en&country=US&catalogType=CONSUMER PC products]
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