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Philips is by far one of the most recognizable electronics companies in the world. They dominated the electronics space all through the 1900s and they’re basically synonymous with light bulbs and plasma TVs. But, heading in the 2000s, Philips has had a tough time staying relevant within the electronics space. In fact, Philips even dropped the word “electronics” from their name in the early 2010s. Since then, they have shifted much of their focus to producing healthcare equipment like MRI machines and respirators. The other products that carry their name aren’t even made by Philips. It’s actually made by Chinese companies who bought the branding rights to Philips. This video explains the story one of the most legendary electronics companies of all time and their fall from grace.

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Timestamps:
0:00 - The State Of Philips
2:00 - Monopolistic Practices
5:21 - Missed Opportunities
8:57 - Giving Up

Thumbnail Credit:
Nurphoto - Getty Images
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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