Philips
![Headquarters in Amsterdam, 2009](https://upload.wikimedia.org/wikipedia/commons/d/d9/Siege_Philips_Amsterdam.jpg)
The company was founded in 1891 by Gerard Philips and his father Frederik, with their first products being light bulbs. Philips employs around 80,000 people across 100 countries. The company gained its royal honorary title (hence the ''Koninklijke'') in 1998 and dropped the "Electronics" in its name in 2013, due to its refocusing on healthcare technology.
Philips is organized into three main divisions: Personal Health (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care), Connected Care, and Diagnosis & Treatment (formerly Philips Medical Systems). The lighting division was spun off as a separate company, Signify N.V.
The company started making electric shavers in 1939 under the Philishave and Norelco brands, and post-war it developed the Compact Cassette, an audiotape format, and co-developed the compact disc format with Sony, as well as numerous other technologies. Philips was the largest manufacturer of lighting in the world as measured by revenue.
Philips has a primary listing on the Euronext Amsterdam stock exchange and is a component of the Euro Stoxx 50 stock market index. It has a secondary listing on the New York Stock Exchange. Acquisitions included Signetics and Magnavox. It also founded a multidisciplinary sports club called PSV Eindhoven in 1913. Provided by Wikipedia
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19Published 2002Other Authors: “…Philips…”
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