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Established in the late 1800s to produce light bulbs, Philips became one of the predominant radio and electronics manufacturers of the 1920s and 1930s. Based in Holland, Philips is one of the largest electronic manufacturers and distributors in the world, with products ranging from the Philips Norelco razor to flat-screen TVs and high-tech digital printing solutions. Through the years, Philips has been at the forefront of new developments, as a key inventor of cassette tapes, compact discs, DVDs, and most recently, the Blu-ray disc. With revenue of $28 billion reported in 2009, products manufactured by Philips include semiconductors, computer components, printers, inkjet cartridges, and toner for laser printers and the popular FaxJet product line.
In 1891, Gerald Philips, a cousin to the legendary communist philosopher Karl Marx, started the first Philips light bulb factory in Holland, which also produced vacuum tubes also known as valves before the days of transistor electronics. In the 20th century, Philips began to acquire competitors and electronic manufacturers in a strategy to add to the corporate portfolio. In the 1920s and 1930s, Philips was one of the largest radio distributors in Holland. The company also established several popular radio broadcasting stations that were controlled by Nazi powers during WWII. During the war, Philips had to move its corporation into the protection of the Dutch Antilles. Like many companies in Germany and Holland, Philips was forced to continue to manufacturing operations during the war using manpower supplied by concentration camps.
According to company history, Philips continued to operate several covert laboratories during the war, so the company was able to quickly regain their position as a market leader after the war was over. In the 1950s, Philips developed its broadcasting and entertainment divisions by establishing Philips Records and subsidiary Polygram, which would distribute international recording artists from Paul Mauriat and Roger Miller to the German band Kraftwerk. In 1963, Philips was the first company to manufacture compact audio cassettes as well as the first portable cassette player. Continuing the tradition of innovation, Philips partnered with audio behemoth Sony to develop the CD in 1982, the DVD in 1997, and the Blu-ray disc in 2006.
The current Philips product line includes consumer electronics, multimedia devices and high-quality digital printers. Philips printers and fax machines include the popular FaxJet and LaserFax labels, as well as the Magic line and Crystal series. Known for their reliability and quality, inkjet printers, laser printers and fax machines manufactured by Philips are designed to produce high-quality printouts in monochrome and color palettes. With remanufactured cartridges and toner refill kits, consumers do not have settle for less to save cash or spend more to make the right choice for the environment.
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