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Encyclopedia > Philips Consumer Electronics
Philips Consumer Electronics
Type Subsidiary
Founded 1891
Headquarters Amsterdam, the Netherlands
Key people Gerard Kleisterlee, CEO
Industry Electronics
Products Consumer Electronics
Revenue 10.576 billion (2006)
Net income 416 million (2006)
Parent Philips
Slogan Sense and Simplicity
Website www.consumer.philips.com
Philips CE HQ in Amsterdam

Philips Consumer Electronics is a part of Koninklijke Philips Electronics N.V. (usually known as Philips); and is one of the largest electronics companies 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. Image File history File links Philips_logo. ... A subsidiary, in business, is an entity that is controlled by another entity. ... For other uses, see Amsterdam (disambiguation). ... Gerard Kleisterlee Gerard Kleisterlee is the current President and Chief Executive Officer of Philips and Chairman of the Board of Management and the Group Management Committee. ... This article is about the engineering discipline. ... Consumer electronics is a term used to describe the category of electronic equipment intended for everyday use by people, the consumers. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... For other uses, see Euro (disambiguation). ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... For other uses, see Euro (disambiguation). ... One million (1,000,000), or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001. ... For the band, see Big Brother and the Holding Company. ... Philips HQ in Amsterdam Koninklijke Philips Electronics N.V. (Royal Philips Electronics N.V.), usually known as Philips, (Euronext: PHIA, NYSE: PHG) is one of the largest electronics companies in the world, founded and headquartered in the Netherlands. ... Look up slogan in Wiktionary, the free dictionary. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Image File history File linksMetadata Download high-resolution version (2576x1932, 1729 KB) [edit] Summary Headquarters of Philips in Amsterdam, The Netherlands. ... Image File history File linksMetadata Download high-resolution version (2576x1932, 1729 KB) [edit] Summary Headquarters of Philips in Amsterdam, The Netherlands. ... Philips HQ in Amsterdam Koninklijke Philips Electronics N.V. (Royal Philips Electronics N.V.), usually known as Philips, (Euronext: PHIA, NYSE: PHG) is one of the largest electronics companies in the world, founded and headquartered in the Netherlands. ... This article is about the engineering discipline. ... For other uses, see Euro (disambiguation). ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... United States may refer to: Places: United States of America SS United States, the fastest ocean liner ever built. ... For other uses, see Amsterdam (disambiguation). ...

Contents

History

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 Cassette was introduced. The Compact Cassette, often referred to as audio cassette, cassette tape, cassette, or simply tape, is a magnetic tape sound recording format. ...


After Philips Consumer Electronics acquired companies as Magnavox and Sylvania in 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. Magnavox (Latin for great voice) is an electronics company founded by Edwin Pridham and Peter L. Jensen. ... Sylvania literally means forest land in Latin. ... The 1970s decade refers to the years from 1970 to 1979, also called The Seventies. ...


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. For the band, see 1990s (band). ... Consumer electronics is a term used to describe the category of electronic equipment intended for everyday use by people, the consumers. ... A razor is an edge tool (primarily, used in shaving). ...


Major consumer electronics products

In 1963, Philips introduced the Compact Cassette. The Compact Cassette, often referred to as audio cassette, cassette tape, cassette, or simply tape, is a magnetic tape sound recording format. ...


In 1978, Philips introduced the laserdisc player, using technology invented in the 1960s. Not to be confused with disk laser, a type of solid-state laser in a flat configuration. ... The 1960s decade refers to the years from 1960 to 1969. ...


In 1979, Philips introduced the Video 2000 system: a technically superior design, but a commercial failure. Video 2000 (or V2000; also known as Video Compact Cassette, or VCC) was a consumer VCR system and videotape standard developed by Philips and Grundig to compete with JVCs VHS and Sonys Betamax video technologies. ...


In 1982, Philips launched the Compact Disc in partnership with Sony. CD redirects here. ... Sony Corporation ) is a Japanese multinational corporation and one of the worlds largest media conglomerates with revenue of $66. ...


In 1991, Philips introduced CD-i, the Compact Disc Interactive system which was sold in the interactive kiosk market with some models featuring video game related content. CD-i or Compact Disc Interactive is the name of an interactive multimedia CD player developed and marketed by Royal Philips Electronics N.V. CD-i also refers to the multimedia Compact Disc standard utilized by the CD-i console, also known as Green Book, which was co-developed by...


In 1992, Philips launched the ill-fated Digital Compact Cassette format. Digital Compact Cassette (DCC) was a short-lived magnetic tape sound recording format introduced by Philips and Matsushita in late 1992. ...


In 1997, Philips released the first DVD, in partnership with Sony and Toshiba. DVD (also known as Digital Versatile Disc or Digital Video Disc) is a popular optical disc storage media format. ... Sony Corporation ) is a Japanese multinational corporation and one of the worlds largest media conglomerates with revenue of $66. ... Toshiba Corporations headquarters (Center) in Hamamatsucho, Tokyo Toshiba Corporation sales by division for year ending March 31, 2005 Toshiba Corporation ) (TYO: 6502 ) is a Japanese multinational conglomerate manufacturing company, headquartered in Tokyo, Japan. ...


In 2004, Philips introduced Ambilight, a feature which combines television and lighting technology. Ambilight Ambilight is a feature invented by Philips Electronics, generating light effects around the TV that matches the video contents. ...


The company still receives a royalty on every DVD manufactured [1]. Royalty may refer to either: the royal family of a country with a monarchy royalties the payment made to the owner of a copyright, patent, or trademark, for the use thereof This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same...


External links

General

  • Philips Global
  • Philips Consumer Electronics website

CE Product departments

  • Televisions
  • Home entertainment
  • Portable entertainment
  • PC products

Data sources

  • Philips Consumer Electronics stock chart

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