May 21, 2013
Koninklijke Philips Electronics, N.V. (NYSE: PHG) is a global leader in electronics. With over 120,000 employees in roughly 150 countries, the firm operates in four business segments: Consumer Electronics, Medical Systems, Lighting, and Domestic Appliances and Personal Care. Consumer Electronics is the largest segment. The company sells its products to customers primarily in Europe and Africa, North America, Latin America, and the Asia Pacific.
Philips streamlined its operations by selling its bulky semiconductors unit. The goal since has been to invest in high growth areas and in doing so, redefine the firm as a medical device, technology, and personal-care company. The company's hit products include the Sonicare toothbrush and the Senseo coffee maker, its electric razor, Philips light bulbs, the FlatTV, and its medical imaging systems (ie MRIs and more). Philips is #1 in both lighting products, lamps, luminaires, lighting electronics and male electric shaving. #2 in medical imaging systems It competes with Siemens and GE in many product lines. These 3 companys are the electrical, electronics industry.
(Read more at Wikinvest
) - History
- Business Segments
- Consumer Electronics
- Medical Systems
- Lighting
- Domestic Appliances & Personal Care
- Business Growth
- FY 2009 (ended December 31, 2009)[1]
- Trends and Forces
- Anticipating needs of an aging population
- Promising product pipeline and trials
- Heavy outsourcing
- Exposure to many currencies
- Focus on fast-growing economies abroad
- Competition
- References
