Philips business failures

Philips has been one of the most innovative companies along with Sony… Used to make so many great chips! Philips they were once biggest and one of the most innovative electronics products and component companies in Europe before they were what seems to be mismanaged to become pretty much obsolete in many fields they used to be great earlier. Philips is still innovative in few fields, especially on medical business. Philips was once the largest tech company in Europe, the world leader in lighting, radio and physical media, the third largest electronics company in the world, etc. Today they are almost irrelevant.

The Death of Europe’s Last Electronics Giant

It’s not only Philips that has bitten the dust, there’s been a succession of other large Western electronic companies that have either gone out of business or that are now only a shadow of their former selves.

Read more what happened from those links:

Case Analysis ” How Philips Nearly Went Bankrupt” – SlideShare
https://www.slideshare.net/kbony/case-analysis-how-philips-nearly-went-bankrupt

How Europe’s Last Electronics Giant Collapsed: The Death of Philips & The Incredible Legacy of the Company
https://techthelead.com/how-europes-last-electronics-giant-collapsed-the-death-of-philips-the-incredible-legacy-of-the-company/

FDA says faulty Philips device reports accelerating as CEO departs
https://www.reuters.com/business/healthcare-pharmaceuticals/fda-says-faulty-philips-device-reports-accelerating-ceo-departs-2022-08-17/
Philips recalls 1,200 reworked sleep apnea devices over fault that can cause therapy failure
https://www.medtechdive.com/news/philips-recall-sleep-apnea-serial-number-PHG/647169/