The Tragic Downfall of Philips

Discover the fascinating story of Philips, a once-renowned electronics giant. From its humble beginnings in 1891 as a father-son venture in Eindhoven, the Netherlands, to its rapid expansion and focus on innovation, Philips played a pivotal role in shaping the world of electronics. But not everything was smooth sailing for the Dutch powerhouse.

Dive into the company's successes and innovations, including the famous Philips radio, the Philishave electric razor, and the Compact Disc (CD). Learn about the challenges Philips faced, from the ravages of World War II to failed products like the Compact Disc Interactive (CD-i), and how the company eventually lost its footing in the electronics industry.

Today, Philips has shifted its focus to healthcare and well-being, aiming to improve the lives of billions by 2030. But can it make a comeback in the world of electronics? Watch the video to find out and share your thoughts in the comments below!

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• This video contains information not to be considered the truth, rather theories and information found on the internet or broadcasted by news outlets and journalists. Dutch Business Stories does not have the intend to slander or discredit any of the persons or entities mentioned. This video does not contain financial advice, it is for entertainment purposes only.
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[biglift]

greetings from Eindhoven The Netherlands . Yes there is nothing left of the company. its a sad story

[kachrachi]

One of my favourite memories of the 90s was our first ever coloured TV of Philips.

[schubiduba]

Don't forget that philips innovated the machines to produce microchips. Now that company is called ASML and it is the only company in the world who can develop and build these unbeliveable important and complex machines

[Gus-pxhd]

This is what happens when money people, ie. the MBAs take over a tech company. The same thing happened to AT&T Bell Labs, which later was turned into Lucent. Short sighted MBAs who are only interested in the next quarter destroy great, innovative companies for the sake of lining their own pockets with bonuses.

[johnsradios]

I work in the Healthcare field as a Biomed ( repairing medical equipment). Philips is number one the medical equipment field and just moved away from consumer products.

[arnoutbolman]

What happens to Philips happens to many companies now.
Like Volkswagen, Bayer, Shell, etc..
The hunger for growth of shareholder value only....
No longer making great products for happy people, primairily.
They are running to walls. Unbreakable. Because... their clients are those people that are unhappy now, or dead even.
Leading to extremely low shareholder value.
Dead end, u-turn !!

[overtaxed]

I love Philips brend, so many of Philips products in every store, I own few of them : Shaver, hair clipper, electric toothbrush, trimmer, old gramophone ....

[mackjay]

No mention of the Philips record label. It was a major player in classical, ethnic and European popular music for decades

[lynseyluvsatwink]

At 5:10. You said the number "382" as three-eighty-two, as if you are a robot using your text-to-speech program to recite words from a page. Creepy.

[PimpoDiabolo]

Henk & Franz went wrong. Now Shez is killing the rest...

[keesoosthoek]

Well Philips and ASM started ASML in 1984. ASML is considered the most valuable company in the world. Not so tragic....

[chrismistler]

I knew lots of the former products, I have a few here and I still use them. It's a pity it came that far. The proud Philips logo won't light again as it did before. But I think Europe is out of business for research at large scale just like it was once in.

[annhill]

They were always an innovative and quality company. Like with other products the Far East caught up and overtook.

[bevorules]

Philips also owned the basic patents for Video Games via their acquisition of Magnavox in the 70s.

[timotheusn.h.nakashona]

They still make good electronic products like headphones, tvs, and electrical shavers. They need to integrate their electronics arm into the business again.

[vimal-cliobconsulting]

Its not management. Its leadership that failed Phillips

[anirbansinha]

A great and an innovative company just going downhill with every passing down 😢

[Chuck_has]

Physical format is KING Phillips was predominant in this field,
I’m an American, even I want Western Europe to have a modern equivalent.

[improbabile]

❤😂🎉😢😮😅😊Cosa abbiamo nelle nostre abitazioni la corrente elettrostatica fate controllare dai vostri tecnici e ditelo alla tensai che sono la stessa marca ❤😂🎉😢😮😅😊

[enkephalin]

The CDI-i simply lacked a killer app; one piece of software that would make the technology a necessity and virtually create a non-gamer market. Philips couldn't compete with Nintendo or Sony in games. Their marketing in general was rather muted because they produced such pioneering products that they had no competitors, and a product demonstration was enough to sell them without louding them up. Of course if the partnership deal hadn't scuppered, the royalties from all the console sales would've made Philips immune to flopping, and they could've persisted in the technology longer.