Philips: The Deep Fall of Europe's Tech Giant | Inside the Storm | FD Finance

Rise and Fall of Philips | FD Finance
Watch 'Rise and Fall of Apple' here: • The Apple Story: Power...
Techonology giant Philips was a force a to be reckoned with, after making its name as a lighting provider. But fierce Asian competition, poor leadership and overdiversification nearly burnt its lights out. Inside access sheds light on how Philips innovated its way back to the top.
Big businesses rise and fall every day. Inside the Storm: Back from the Brink, is a documentary series that follows the lifecycle of four of the biggest industry players, revealing intimate details on how these major companies were run, and their survival techniques when they nearly fell into the depths.
Supplemented by interviews from industry players and professionals from around the world, this series documents how these business titans survived despite the odds and turbulence hitting them where it matters. Marvel: breaking into the film industry saved the comics publishing giant; Olympus: Japan's largest optical company overcame one of the largest accounting scandal; Philips: innovating out-of-the-box ensured the survival of this technology giant; and Nissan: the iconic Japanese car brand saved by one of the most charismatic and loved CEOs in Asia.
Watch insider testaments to the dealings that transformed industries and prevented these giants from the fall of their businesses.
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[@JayBrav0]

I was an employee of Philips Malaysia in the 80s. Bought a Philips hair dryer in late 80s & its still blowing hot air till today

[@GlocalKhabar-ft6us]

As they say, old is gold.

[@Sc0rpic0m]

@@GlocalKhabar-ft6us Back then they still made quality stuff and invested in R&D

[@shirleyscchan252]

Up to now, I still buy Philips TV

[@MrHvleeuwen]

I guess it's the difference between designing appliances to be a tool instead of a product.

[@phoenix5054]

It’s sad that expensive high quality products are less profitable than cheap, low quality, planned obsolete products.

[@robertb7918]

It's a pity this video fails to mention the importance of Philip's contribution to the development of music recording technology and the production of long playing records. They were one of the biggest recording companies in the 50s and 60s and beyond.

[@CanonPanasonic-ProUser]

DCC was a disaster.

[@jfv65]

​@@CanonPanasonic-ProUseryes, but they were 1 of the 2 inventors of the compact disc. The other company was Sony. This invention revolutionised the audio (CD) and video (DVD) industry. The fact that we can now watch digital video and list er n to audio streaming is an evolution of what Philips and Sony developed when they invented the CD. Those 2 companies made the switch from analog to digital posible and mainstream. Another spin-off was the CD-ROM and DVD-ROM. This revolutionised the PC industry and it was an intermediate step to what we now have and use: cloud data storage.

[@PeaceLoveUnityRespect]

I'm not going to lie I haven't replaced my rechargeable Philips electronic razor in 7 years! Not even joking, it works perfectly to this day and it actually holds a significant charge. And I'm watching this on a Philips TV too LoL

[@cengeb]

my philips Norelco razors are going strong, 3 or them, just got new blades, now perfect shaves again, they still make great razors in the netherlands, for the top end models, some a Chinese though for the cheaper stuff

[@echelonrank3927]

7 years? thats sooo bad for business. u want these things chipped up to stop working 1 day after warranty expires.

[@cengeb]

@@echelonrank3927 my 3 are closing in on 15 years at least, just got new blades for em, new blades really matter, sharp, smooth These where still Dutch made in Netherlands, not Chinah. Still all hold a charge, like my sonicare toothbrushes, probably just as old, just change the brush head every few months. My Philips made in mexico tv was still going after 16 years, with the ambilight feature. Finally wanted bigger, replaced it with LG OLED, 77" OLED is the way to go, Costco had best price, delivered free, online even though Philips used to invent lots of display stuff, IPS technology everyone uses, is Philips innovation on LCD displays, but OLED is the way to go now. now they are just a brand of nothing in tv's. just rent the name to TL, and group called TCP. like lots of other previous big names. LG and Samsung have clobbered the quality tv market. TCL is selling more than everyone, with cheap, they work tvs.

[@adredy]

My 10 years😊

[@keithmartin1328]

My Philips electric shaver is over 20 years old and is working perfectly.

[@walletyangu8486]

Hiring a CEO who's not technical to lead a technical oriented firm is a big mistake.

Did you say Boeing?

[@spankpaddle8972]

I work in tech and I use this one all the time. "You require your CFO to be versed in finances, why does your Chief Technology Officer have a sales background?"

[@LoneTiger]

Boeing, Blizzard, pretty much the same issue.

[@Wok_Agenda]

Remember Commodore?

[@rcpmac]

Yes, but a bit different. McDonnell Douglas bought Boeing and moved to a stock holder served company instead of an engineering focused company. Saddest story in American Corporate history .

[@mikebikekite1]

40 years ago, as a student, I bought a portable Philips radio cassette player. It was a beautiful thing that sounded great with it's ported bass speakers and a volume knob that turned even when you used the remote. I gave it to my brother when I went to work abroad. I recently found out that his adult sun sound still uses it as a stereo!

[@learningmaster8060]

Why is Europe falling in innovation and technology? Let us take the example of Germany vs USA, and you will know the reason For a typical German IT company, the priorities for a Java developer employee are as below, Highest priority: German language skill Priority 2: Being a German citizen Priority 3: Having white skin Priority 4: Being Christian Priority 5: EU citizenship Lowest Priority: Knowledge in Java For a typical USA IT company, the priorities for a Java developer employee are as below, Highest priority: Deep Knowledge in Java Priority 2: Past experience in developing products Priority 3: Able to work more than 8 hours per day Lowest Priority: Ability to speak in USA accent Could you tell me? Which IT company, the one based in the USA vs Germany, will grow faster and conquer the world?

[@mikebikekite1]

@@learningmaster8060 So not being able to speak English isn't an issue if you want to work in IT in America? I believe you also need to be American or at least have a green card to work in America. American IT companies are certainly better funded and, speaking English, gives them a wider market. Saying that, I was in Berlin for the past week, and nearly everyone spoke English. Nearly everyone I met seemed very happy with their lives.

[@k8saws]

Philips played a crucial role as an early investor and significant stakeholder in ASML, another Dutch company. Today, ASML boasts a market capitalization exceeding $400 billion, making it Europe's second most valuable company.

[@redbaron9029]

In terms of technology it's the world's most valuable company.

[@cengeb]

TSMC is also a Philips adventure,

[@cengeb]

LG was in with Philips was called LG Philips Display, now the top OLED maker Philips as usual, sold their share to LG, after getting it moving.

[@ernstlemm9379]

What about military radar technology from "Hollandse Signaal"

[@cengeb]

@@ernstlemm9379 Philips owned Magnavox, which actually had a gov't products div, in sonar buoys....

[@citizenBR100]

In 1983, I began studying electronics. And Philips was a landmark to me. I saw it as a model of a technology company. They made everything. Medical advanced devices (MRI), TV image bulbs, chips... First CD and DVD players... I dreamed of becoming a research engineer.

[@shirleyscchan252]

How about the final result? Did you work there?

[@FZ2HELL]

First Betamax machine too... Then Sony bought the patent

[@citizenBR100]

@@shirleyscchan252 no. Just teenager dream. I became an English teacher, then a court bailiff, lawyer. But I miss the 1980's. It was a new world of technology, satellites, video cassetes, home PCs, supercomputers. As for Phillips, I admired it. It was like Apple or Samsung today. I used to ride the bus just past a Philips plant in Brazil but I never visited it.

[@tonee516545]

Worked for Philips in the 60's/70's - great company, great people, great products.

[@vigneshwaransridharan2290]

Am from India. I use Philips TV, Shaving machine and also sound bar. The 2nd and 3rd am using for past 5 years. It was awesome. I love Philips.

[@fabiorobertoferreira978]

In the past, Philips was top brand in Brazil, but, nowadays, is totally forgotten.

[@OenantheSalix]

Ooh my...😔

[@citizenBR100]

Does Philips still exist? Back in 1975, my father bought our first TV set. He said proudly it was the best brand (telefunken had a bad reputation then). Still, it was a transitor TV set, a novelty then. It was black and white. It was the the only TV set in the neighborhood for some years. On sunday afternoons, cousins, uncles and neighbors would fill our living room to watch soccer games. Unfortunately most rooted for a team which my father and I hated. They were noisy and wild about their team.

[@randomfire5315]

Same in India. It was everywhere.

[@FZ2HELL]

I was an employee of Philips in South Africa. It's truly sad to see such a great company losing market share. I suppose Samsung, Nokia and many others have them fierce competition.

[@grgregg99]

I was just starting up as a drafting and design firm in the late 90's and Philips was my first client tasking me with designing a display for a new television with a modern styled analog round clock centered at the bottom. Very nice looking television!

[@user-rj1je6mn9l]

As a recent PHILIPS medical division mgr I have experienced numerous problems such as numerous quality control, promises of new products based on mere talk as no production was planned shipping holds became and are now common yet sales quota demands remained. The sales force was reduced and new hires were not of the quality that a Fortune company would employ. R&D was reduced and growth was now growth thru acquisition. They are severely missing a huge market share by not genuinely listening to customer needs thru their own sales staff and by believing they know what customers need. The restructurings attitude is still "If you ain't Dutch you ain't much" and their stock reflects the self centered focus. The medical division is sadly losing market share and credibility.

[@MullBatoora-kf6cj]

Philips products were 3 times expensive than competitors products. Other Europeans companies Murphy,Moulinix,Grundig took their business and Japanese and Chinese companies destroyed Philips.

[@cengeb]

At one time Philips owned Grundig, Marantz,even 35% of Matsushita, they started Panasonic in the 1950's with the Matsushita dude, he needed technology, Philips was the most advanced.... Matsushita was making pots and pans, and light bulb sockets, using Philips technology, they themselves grew into #1 consumer electronics company, which Philips was in the 50's 60's early 70's, Now LG and Samsung and other Chinese consumer electronics companies are bigger. Philips even worked with LG, called LG Philips display, as usual, Philips then bailed sold it all to LG. My first HDTV by Philips had an LG Philips screen, label had the name on it

[@MullBatoora-kf6cj]

@@cengeb dude my point is that Philips products were 3 time compared to compititor. Btw LG and Samsung are not Chinese companies they are actually Koreans. Japanese companies like Sony, Hitachi ,JVC ,National, Toshiba snatched a major chunk of Asian markets.

[@cengeb]

@@MullBatoora-kf6cj Never said LG and Samsung are Chinese, it came out wrong, i see ..LG and Samsung Korean, and other companies that are chinese TCL, Hisense, Haier(bought GE appliances) clobbered Philips in consumer electronics

[@fernandocaraveo1483]

Philips Components Division bought our company in late 1980’s. Our most profitable company was torn apart by Philips and, what was left of it was moved to China. Biggest mistake ever done

[@Tristan87688]

I got an electric shaver from Philips and after 9 years its still laser sharp. Got a hair dyer, dropped like a 100 times and it still relentlessly blows... Philips is freaking good quality.

[@MamaBonocan]

Phillips makes good products. They need to hire a marketing firm that can inform the public of the quality of their products.

[@John-pp2jr]

3:15 Thomas Edison did not invent the light bulb.

[@cengeb]

German dude, Heinrich Goebel, actually had a glowing filament in a perfume bottle before Edison, as did Swan, Edison managed to market it, he was a salesman first, Edison did get an area in NYC electrified, but he certainly did not invent the electric light. Marketing

[@jcc4tube]

Yes he did. But he was not alone. I wonder whose bulb was more practical.

[@cengeb]

@@jcc4tube Using the term 'invent" has a meaning. Edison didn't invent the electric lamp. And what he did to Tesla is criminal

[@jcc4tube]

​@@cengebEdison invented the modern industrial research lab where lots of different specialists worked together. Up until then all inventors were lone wolves. "And what he did to Tesla is criminal" what does that have to do with light bulbs?

[@Peterheaven64]

What does what Edison did to Tesla v to do with light issue

[@paulgilliland2992]

Our first colour tv was a Phillips . Extraordinary day in the life back then when mostly everyone still had black and white.

[@alice_agogo]

This used to be my favorite electronics brandby 2006 I was surprised they no longer sold TVs in my country. But they continued to sell DVD 📀players and light bulbs 💡

[@gardengeek3041]

It was the history of the company that caught my attention. From the name, I always assumed it originated in the UK or USA. Being Dutch, suggests innovation, resourcefulness and good money management. Hard to imagine such a company losing money. Also, as Dutch based, it makes sense that expansion into Asia included Indonesia. I assume its a more balanced working relationship than from the colonial era. The health-care segment looks to have been filmed in the New Guinean part of Indonesia. That in itself is informative. We get so little news of everyday life from that part of the World, where the 2 ethnicities overlap. As a sociologist, I wonder if the ethnic peoples in the far corners of Indonesia are able to become part of Philips company, even in the mgmt & technical departments. I don't know much about educational opportunities in modern Indonesia, but it is certainly a country on the move in this century. The documentary suggests Philips will advance in its overseas operations. In fact, it has a bit of the tone of an infomercial.

[@Toxofox]

Shame. I have a Philips sunrise alarm clock, a Philips DAB stereo, a Philips shaver and a Philips TV... I grew up in a family where Philips was synonymous with quality. To be honest, I'm still waiting for one of my Philips appliances to let me down. It's never happened so far.

[@lizarosanniecarpio763]

thank you Philips for your innovations in saving people's lives

[@ChristianKarll]

Please remove the terrible background music from your content.

[@josepeixoto3384]

what music? in the video? i paused it at the beginning, just came to read the comments LOL

[@echelonrank3927]

@@josepeixoto3384 utube might also add fart noises / probably punishment for blocking ads

[@arthurkorff]

Disagree

[@echelonrank3927]

they erased my comment

[@samlui3591]

Phillips should look into the history of apple . Very similar story

[@chrisjeanneret5091]

As a CPAP user I was surprised by the Philips recall issues.

[@cengeb]

Yeah, Philips really blew it on the Respironics debacle, they only do medical health and personal care, and screw it up! Oy vey. After innovation for 120+ years, they can't made foam rubber correctly, then it drags on for years. Oy Vey. Now it's settled with FDA, but it made too many customers really mad, with how they handled it, not good

[@who-gives-a-toss_Bear]

I was surprised it took so long to replace the old unit that had been contaminating my night time air with a cheap old foam damping product.

[@cengeb]

@@who-gives-a-toss_Bear For a company that innovated and pioneered so much stuff over it's 125+ years, and they can't produce foam rubber stuff properly, and when they find it's a problem, so many delays, really handled extremely poorly, they blew it, caused big PR bad name situations, in how they handled it, or not handled it. People involved in that debacle should no longer work at Philips. they created the problem by handling it so poorly.

[@abhijitkundu1879]

My paternal aunt used to work for Philips and she was designated as a supervisor and that time the working culture was totally different she was reporting from Kolkata-India 🌹❤️

[@alexkaa]

The Philips 900 series is one of the most beautiful minimalistic-futuristic designs in hifi components ever.

[@cengeb]

@@alexkaa I have several of them

[@PimpoDiabolo]

This video is some years old. It forgets to mention the quality crisis in Respironics and the mass layoffs....

[@alexeychernyavskiy4193]

Exactly, outdated

[@Hindusanatan192]

Our first TV and cassette player were Phillips. Have great memories with this brand. Thank you Phillips for making our life so much entertaining.

[@DivineChibueze-od8py]

This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!..

[@philipbenson746]

Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to kiana rachel

[@liammateo287]

I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading.

[@DivineChibueze-od8py]

How can someone know a professional broker when legit once are hard to find this days

[@philipbenson746]

She's recognized as 'Mrs Kiana rachel . One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@Lucas75332]

I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well diversified portfolio, that has experienced exponential growth. It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent, and have strong hands to back it up.

[@WeHadOneOfThose]

Interesting video , their range of UK washing machines , tumble dryers , dushwashers, cooking and small appliances were exceptional. The un-connected product shown (00.11.40) is my Electra branded washing machine, a suite of appliances made by Philips for the UK Regional Electricity Boards, again a product line that sold very well. A shame it had its demise, was once THE Great Consumer Electronics Company On The World Stage .

[@cbr10009]

During the flat screen era of crt tvs, all brands including philips used philips ICs inside,even trinitrons and wegas were powered by philips ICs.

[@jinson8657]

I love this company, our first TV brand. Always close to my heart

[@Eitner100]

I have Philips products that still work for the full 100% for 15 and more years now. A Philips vacuum cleaner worked over 30 years, and those energy saving lamps still work after 15 years too.

[@godwinperumalla]

Philips still lighting the world.....new research and innovative ideas.....God bless

[@kenmore01]

Let us not forget in North America in the 50s through the 80s, Norelco products were a division of Philips. My dad had an old vacuum tube reel to reel tape recorder when I was a little d, which was Norelco.

[@stephenijiola6606]

Philip's classic electric dry iron was well reverred in Nigeria. They were notorious for being virtually indestructible.

[@Elvee-br7dr]

I'm Dutch , and grew up with Philips© products , and still waiting for the Philips© sniffer tv or radio..odeur in your room , when watching our beautifull Tulips

[@WillyJaheruddin]

The goal is in 2025 3 Billion people to help, but the latest date in this video is 2016. We are now in 2024 and there has happened a lot, nothing mentioned about here. You are not up to date, it is more a promotional video about Philips.

[@henriklarsson5221]

From wiki, seems like is hasn´t gone as good as they hoped, and investment companies have come in with money and bought stakes. "In 2021, Philips Domestic Appliances was purchased by Hillhouse Capital for $4.4 Billion.[79] In 2022, Philips announced that Frans Van Houten, who had served as CEO for 12 years would be stepping down, after a key product recall cut the company's market value by more than half over the previous year.[80] He was to be replaced by Philips's EVP and Chief Business Leader of Connected Care, Roy Jakobs, effective October 15, 2022.[81][82] In 2023, the company announced that it would be cutting 6,000 jobs from the company worldwide over the next two years after reporting 1.6 billion euros in losses during the 2022 financial year. The cuts came in addition to a 4,000 staff reduction being announced in October 2022.[83] In August 2023, Exor N.V., the holding company owned by the Agnelli family, took a 15% stake in Philips. The transaction was worth roughly €2.6 billion"

[@peterklein4349]

Customers were consumers, now consumers are customer patients... SDG, Agenda2030...

[@WillyJaheruddin]

@@peterklein4349 Can you explain this.

[@abhijitkundu1879]

Still today I have the Walkman and my TV 📺 is with me 🌹❤️

[@TheAslakVind]

Having a medical dept selling products to BtC customers without a product liability dept was a scary scenario.

[@mariobecroft5770]

This is presented as a heart-warming and a great story. And I think I had a CT scan recently using a Philips scanner, so, thank you Philips. But I struggle to fully grasp the economic reasons. In a strange story, Philips bought NXP, which had bought Motorola's SPS (semiconductor) division. There were so many product EOL (end of life) that has challenged engineers like me who rely on this chips. Would love a deep-dive into what happened here.

[@cengeb]

Philips did not buy NXP. Philips semi was spun off, and was renamed NXP, NXP has grown into a monster. Philips also started ASML, biggest supplier of chip making equipment. Philips and Taiwan gov't started TSMC, largest semi fab in the world, does stuff for everybody.. Philips even started Panasonic Electronics in the 1950's with the Matsushita dude, they owned Matsushita 35% for decades, they sold it off in the 1980's. Panasonic itself also is floundering

[@michaelogden5958]

In my career as a medical specialist (primarily surgical), I always thought that the Philips-branded medical equipment was very classy-looking. Unlike some of the better known brands in that niche, the Philips equipment never seemed to have the quirks and minor aggravations.

[@hughmcneillie1032]

Excellent documentary and an inspiring message to everyone that when things look bad there is always another way. Philips reinventing themselves through diversification into other fields shows that they had great people within their company with open and clever minds.

[@philinvestor7790]

I am relatively hairy. I bought a Philips hair trimmer for personal use during the pandemic. I only charged it twice, the last one earlier this year. It was one of the best purchases I ever made.

[@Gabriel965519437]

Philips sold its semiconductor company in the Netherlands and today NXP is huge!

[@AmazighBereber]

Lawyers and MBA managers.....They missed the PC, the mobile phones and now the electric cars.

[@lukeclifton4392]

It still strikes me as odd… how and why did all of these failing companies (Sony, Philips, GE, Agfa, Siemens etc) turned their hand to the medical field?!? Why??

[@IHE87]

I faced worst quality issues with Philips Radio and Audio Cassette players had 3 players all unreliable with belt, motor, switches, reception or antenna issues. Frequently broke down and now spares are unavailable.

[@brucegibbins3792]

Philips Electrical Industries reached as far south as New Zealand. They had a large manufacturing facility in Naenae and a multi story building in Wellington whete they sold and maintained a wide variety of both consumer and industrial products. As electrical products from Japan grew in number, Phillips seemed to correspondingly declined. Then, dissappeared.

[@Desperado070]

30 years ago I woulda be proud on philips and their dutch origin. Right now I feel ashamed to share the same country with them. That changed quickly

[@jadliban]

Why is the thumbnail a picture of the Beirut Port after the explosion? What does that have to do with the video at all?

[@LazyStory]

Thumbs down for bad "background" music.

[@learningmaster8060]

Why is Europe falling in innovation and technology? Let us take the example of Germany vs USA, and you will know the reason For a typical German IT company, the priorities for a Java developer employee are as below, Highest priority: German language skill Priority 2: Being a German citizen Priority 3: Having white skin Priority 4: Being Christian Priority 5: EU citizenship Lowest Priority: Knowledge in Java For a typical USA IT company, the priorities for a Java developer employee are as below, Highest priority: Deep Knowledge in Java Priority 2: Past experience in developing products Priority 3: Able to work more than 8 hours per day Lowest Priority: Ability to speak in USA accent Could you tell me? Which IT company, the one based in the USA vs Germany, will grow faster and conquer the world?

[@alexandervt641]

Not the first of such films. It remains false. Philips just exists. And has outsourced some of the most successful companies in their field like NXP, ASML, Signify, largely TSMC, etc. In this sense, Philips is probably the most successful company of the world.

[@willgarciazapanta]

Quitting the game in manufacturing is not the answer. There's ups and down in business. Maybe it's time to think more and innovate more. Go and proceed please! You can do it! Change your mindset and thinking will change the future of your company

[@sk8boardingsite]

This has happened to many companies in Europe or in Asia. The medical, healthcare market collects many of the historically strong tech, chemical, photo companies and most of them share the same difficulties, probably some consolidation and proper tech minded innovative leadership would help out these businesses. If that won't happen then this is just another sample of the flow what goes through the car industry or robotics, same old technology is cheaper to be produced by Chinese companies.

[@johnathandaviddunster38]

Always associate Phillips with quality and fair prices...

[@Dark_Knight_USA]

Greetings: I serviced their consumer electronics as warranty service centre, prior and in2 the NAP era. Both were pleasurable. The devices were good. The service information, service telations, parts and prices were good. I prefer them over Sony everyday hands down. Such eere yhe good old days of electronics. 8:25

[@ronaldckrausejr7762]

Thanks Philips and Pittsburgh; because Philips in Pittsburgh was the final nail in the coffin for this company. Maybe someone should be asking if any single person lost their job because of this.

[@manojdesai3942]

Thanks!

[@aave865]

Saving peoples lives is big business.

[@keno77]

Everyone knew that Philips TV's in the 80's was the best and they were very expensive as well.

[@cengeb]

If Philips kept the stuff they started ASML, NXP, TSMC...those alone would put Philips into the stratosphere, they blew it. All the stuff they developed in display technology IPS, was part of original HDTV consortium,

[@ronalddechosa3048]

Since birth...philips'brand still.. .intact'wrldwide now still winding&kicking!!!

[@puertola7186]

It was not only Philips which saw CRT TV's as cash cows and was late into LCT TVs. Also SONY did the same mistake. Trinitron CRT TV was bringing good money and that is why they lost the leadership to Samsung. We are stuck now with the flimsy TVs of Samsung.

[@amallee3729]

Excellent video in your channel! Your video is very informative. Thank you.

[@joseantoniojose7933]

A good and interesting topics video. Thank you

[@savascantek5308]

28:30 onward convinced me that the company will bankrupt soon.

[@Mariovane]

😂 funny indeed..😊

[@skamithi]

Well done infomercial for Philips.

[@jamesdean1143]

Founded by a Jewish father and son combo, with a family connection to Karl Marx. Father was a banker (of course) but the son was an engineer and the driving force behind the firm.

[@KateJackson-sd3mw]

Fantastic video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

[@Tiagosantino-is6uy]

Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong. .

[@MattJack-iq6fz]

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.

[@LaurieHudson-vi2qm]

​I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Janet.. High recommended🙌

[@BeatriceCassandra-cy5oh]

Wow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people

[@WilliamTheodore-dn4ph]

​I thought myself and my family were the only ones enjoying Janet trade benefits

[@nonaak]

ze hadden nooit uit Eindhoven moeten gaan, je ziet wat er gebeurt

[@IshakuIbrahimTure-on9zv]

Phillips electronics were wow!

[@RWL2012]

*Philips*

[@davepoul8483]

I think you might find it was a Brit called Swan thatinvented the incadesant light bulb.....

[@JT-zs8cd]

Grundig GmbH also shares some history with philips

[@1changi]

Can't expect Philip to switch to be pioneering AI. Staying focus on making durable consumer electronic goods that serves the majority of the world whether it is a toaster or a LED bulb.

[@cengeb]

Philips sold it's small appliance div to a Chinese fiance company a few years ago, they rent the name. Philips lighting is anotehr spinoff, is now called Signify, using Philips branding for some years, renting the name. Philips is only personal care and health care now, medical MRI etc. a mere spec of itself. It also used to be the largest private research operation, bigger than IBM, even a bigger research operation than what Bell Labs was...it's all gone now..even Bell Labs is all gone

[@abhijitkundu1879]

Respect for Netherland ( Holland)🇳🇱 🌍

[@puertola7186]

The thing is; in the past, if you bought any TV from Philips or Sony, it would last over a decade. Now we are stuck with Samsung whose TVs break down after a few years. Every now and then Samsung brings out TV models with a new technology, probably not mature enough and the TV does not last long. Even worse, Samsung now introduced refrigerators etc. Soon the white goods will go the same way of TVs...

[@yogarajagladvin358]

Loss Because more salary for managers

[@abhijitkundu1879]

I don’t think so both the companies are actually arrogant the main thing was they were very much focussive and concreted with their discretion and delegation and formulation of policies that is the reason the later part of the context was just like a horrified picture like Ford and Chevvy and Daewoo 🌹❤️

[@supermanwhereareyounow3081]

Chaino? What country is that?😅

[@controlfreak1963]

Phillips hue could have been great but was far too expensive.

[@AnotherPointOfView944]

Agree about the price. But it is not a "was" yet. They still sell well in the UK.

[@RWL2012]

*Philips*

[@ajaychoudhary4590]

Products are so good I thought it was Japanese

[@cengeb]

They worked on pioneering work on fold able Lithium battery technology, and folding display screens, others took it and ran with it.

[@garneauweld1100]

Philips bulbs had a designed short life at least in the US. GE was always the way to go, typically. The entire market has been turned upside down so God only knows, today. - The company had an innovative and unique product line with a globally dominant product line with better quality products at a slightly higher price.

[@gmy33]

Yes really smiling at those numbers of people getting older and needing devices ..

[@christopherkelly577]

The CDi lost them a few million I would imagine.

[@Marwarluigi]

$1 billion from what I heard

[@rcpmac]

"visions of the future" in design are actually the present

[@MrGlotzTV]

Healthcare companies be like: "Guys, guys! We INNOVATED and now you can SEND your DATA using an APP to your doctor!" And then they pat themselves on the back for stuff everyone else already figured out 20 year ago. NGMI.

[@abhijitkundu1879]

In today’s world literacy rate is improving or declining I don’t know because it is the individual urge and seek to demand and respire with true education and empowering with true knowledge and rendering sustainable ideas that will become a fruitful and beneficial in both ways what I believe if you go any corners of the world 🌍

[@peterklein4349]

from the independently choosing consumer as customer, to the customer as patient.. SDG Agenda2030

[@cengeb]

Saeco automatic coffee machines, are great, sold off to a Chinese bank when they sold off small appliances for like $8 billion, all the cool small appliances, gone

[@manikandank2538]

My father bought colorful - small sized Philips television in 2002 when i was study 2nd standard. That product worked well until 2021and got some problem arrived. so ,only we changed another television according to trends. But nothing better than Philips product. Its always classical 📌

[@cengeb]

Sony is toast now also, Panasonic was started by Philips in the 1950's..Panasonic is also in trouble

[@robertewalt7789]

Panasonic is a subsidiary of the Japanese company Matsushita.

[@cengeb]

Philips and the Matsushita dude, it was his last name, started Panasonic in the 1950's Philips owned 35% of Matsushita for decades, they sold it off in the 1980's...I was there. Fact.

[@cengeb]

@@robertewalt7789 Panasonic had several candidates for a technical tie-up. Philips was eventually selected for further negotiations, one reason being that the two companies had done business together before the war and Philips had taken the initiative to contact Panasonic after the war to request a resumption of trade. Other reasons were Philips' advanced technology, and its excellent management performance. Philips had begun as a light bulb manufacturer in the Netherlands, a country even smaller than Japan, and had grown in just 60 years to become one of the world's major electric equipment manufacturers. But negotiations were rocky. Philips had suggested that the companies set up a jointly financed subsidiary, and wanted a fee for technical guidance. MEI was capitalized at ¥500 million at the time, while the subsidiary was to be capitalized at ¥660 million. Although Philips agreed to provide 30% of the capital, the funds they would apply to this would actually be coming from the technical guidance fee. The fee was to be 7% of the new company's sales, in contrast with 3% requested by American companies. Philips agreed that the figure was high, but refused to yield. It reflected, they said, the true value of their assistance, since they would be providing complete, unreserved technical support. Matsushita responded with a demand for a management guidance fee since, he reasoned, management expertise has a value as tangible as that of technical expertise. Philips eventually capitulated, and the companies concluded their tie-up, which led to the establishment of Matsushita Electronics Corporation(MEC) in December 1952, and the construction of a factory in Takatsuki, an Osaka suburb.

[@cengeb]

@@robertewalt7789 And they actually changed their name from Matsushita Corp. to Panasonic Corp several years back. The corp name is now Panasonic Corp, so the brand is the company. another fact. they bought the Motorola tv div in the late 60's to ge shelf space and distribution on U.S. stores, eventually Quasar brand disapeared, as Panasonic branding was being used for their tv's etc. Also on PBS Frontline a great documentary of how payoffs and bribes to distributors to get shelf space. Montgomery Wards is called out, they show an actual check made out to Montgomery Wards. They where dumping products under cost, and claiming they where selling for full price, while paying off the retailers. Samsung did the same stuff decades later

[@kalyannnBH]

Honda is the automobile equivalent which fell down

[@scofab]

Very admirable...however. My view is that the world should be improved in a way that results in the need for fewer health care interventions, otherwise you are just profiting from an already failed system. Number one on my list: better nutrition. How about that, Phillips...?

[@steviesurfer]

You can buy better but you can’t pay more

[@mmdirtyworkz]

No word about the cartel agreement between companies that produced lightbulbs (including Philips)? They could last ages longer but they agreed to have them go out very sooner so they can sell us more. First planned obsolescence practice?