The Death of Europe's Last Electronics Giant

Ғылым және технология

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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. Here's why.
The Story Behind - ep. 95
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Пікірлер: 6 000

  • @TechAltar
    @TechAltar Жыл бұрын

    Get Nebula using my link for 40% off an annual subscription: go.nebula.tv/techaltar Podcast: Nebula video (every Friday): nebula.tv/chillout Nebula audio (every Friday): nebula.tv/chilloutpod Everywhere else (every Saturday, audio-only): art19.com/shows/the-friday-chillout

  • @dongshengdi773

    @dongshengdi773

    Жыл бұрын

    I want to buy Phillips vibe rator

  • @andibrema

    @andibrema

    Жыл бұрын

    @@dongshengdi773 I r8 ur vibe 8/8 m8

  • @jonasrichardrichter

    @jonasrichardrichter

    Жыл бұрын

    Does this discount apply only for the first year or permanently?

  • @arnold_m_xavier

    @arnold_m_xavier

    Жыл бұрын

    We still have Philips power house, a tape recorder bought in 1991 in working condition. It is a wooden tape recorder with stereo wooden box speakers. It has dual cassette slots to transfer the recording from A to B. It has a built in equalizer, FM radio and audio CD mode

  • @arnold_m_xavier

    @arnold_m_xavier

    Жыл бұрын

    It is very saddening to see true innovators like LG and Philips going dead, and to see idiotic companies like xiaomi and BBK flourish

  • @IdeaBoxful
    @IdeaBoxful Жыл бұрын

    Philips is an example of what happens when you replace engineers with MBA's and beancounters.

  • @ReneWeber

    @ReneWeber

    Жыл бұрын

    I fully agree with you. I worked for IEC (world electrical standardization) and had been in contact with Philipps' top researchers. Already in the 90s they felt deeply concerned about the influence of the financial layer in management. Living now in south east Asia, I am closely tracking the heritage.

  • @rgfromkl3594

    @rgfromkl3594

    Жыл бұрын

    As an MBA holder working in corporate, I completely agree with you

  • @GeoNeilUK

    @GeoNeilUK

    Жыл бұрын

    As happened to so many other former great companies. Commodore for one. Or make the mistakes that the British did and let politicians meddle. We invented the concept of using computers for business purposes and it came from a tea merchant of all things (J. Lyons & Co) that all got folded into ICL which is now part of Fujitsu. See also British Leyland.

  • @jayantadas8259

    @jayantadas8259

    Жыл бұрын

    These dumb MBAs know one thing, maximize profits by outsourcing manufacturing to China.

  • @6581punk

    @6581punk

    Жыл бұрын

    @@GeoNeilUK The Labour governments of the 70s nationalising things pretty much killed off car production and other things.

  • @rogerwilco2
    @rogerwilco2 Жыл бұрын

    I worked at the Philips physics lab (NatLab) for a while in the mid-nineties. I have two clear memories from that time that showed the state of the company: 1) There were "idea boxes" in several locations, but nobody would empty them. 2) I know a guy there that was a very early adopter of MP3, and suggested the walk-man division to make a portable MP3 player two years before the first ones hit the market. He was laughed out of the room, mostly because he didn't have a PhD. The management was very top down, and very hierarchical, only those with the highest levels of academic training and management levels were allowed to have any ideas. This made it impossible to notice trends and made it a very inward looking organisation.

  • @Salvo78106

    @Salvo78106

    Жыл бұрын

    Now that same guy is laughing watching Philips dying lmao.

  • @JKRavenBlood

    @JKRavenBlood

    Жыл бұрын

    One notable example; cd-i. Let's keep this Phillips only..sure it will catch on 😜

  • @nlocnil3602

    @nlocnil3602

    Жыл бұрын

    Sounds absolutely frustrating

  • @edmathon5952

    @edmathon5952

    Жыл бұрын

    True, very true.

  • @Azzysdesignworks

    @Azzysdesignworks

    Жыл бұрын

    Ive heard stories of offices that were officially closed, but the paychecks kept coming, so it became a hangout spot. Was told by friends that a few of those people got degrees while getting paid since they were never asked to work or report to anything.

  • @NSS7
    @NSS710 ай бұрын

    Toshiba in many ways are similar. They invented flash memory and once had large memory division (now called Kioxia), sold image sensor to Sony, healthcare to Canon, sold home appliance to Midea (sell electronic under Toshiba brand), tv business to Hisense. Now mostly involved in non-consumer product like power plant, elevator, lighting, energy system, railway system, automotive parts, hydrogen.

  • @kbhasi

    @kbhasi

    9 ай бұрын

    Yep! As far as I could tell, their memory and flash storage division was spun off into Kioxia, and their PC division was spun off into Dynabook.

  • @jpcreeper13

    @jpcreeper13

    9 ай бұрын

    General Electric too!

  • @azynkron

    @azynkron

    8 ай бұрын

    Makes sense since the margins on enduser products are very small.

  • @ArifIkhwan-if4fp

    @ArifIkhwan-if4fp

    7 ай бұрын

    Toshiba produce everything. From transistors to transformators, electromotors until Generator and Turbine for steam Engine and Water Dam.

  • @LowFatCurrantBun

    @LowFatCurrantBun

    7 ай бұрын

    Sounds similar to a video I watched about the destinies of Kodak & FujiFilm. It was not that Kodak failed look to the future beyond film photography; it was just that they chose what eventually turned out to be the wrong sides. Interestingly enough, FujiFilm is nowadays also huge in healthcare imaging as well, among other things.

  • @unclepete100
    @unclepete1009 ай бұрын

    I worked on an assembly line for Philips’ vacuum tubes in the early sixties! The transistor manufacturing part of the plant was out of bounds to mere mortals then, it was very hush hush... PS: interesting bit of trivia: Philips, in cooperation with Gazelle ( a Dutch bicycle manufacturer) produced the first e-bike before the Second World War

  • @armandorochez6037

    @armandorochez6037

    3 ай бұрын

    Wow!

  • @Erreul

    @Erreul

    Ай бұрын

    Actual neat tidbit, thanks.

  • @detective_solar

    @detective_solar

    Ай бұрын

    Interesting

  • @user-nw3ks5li3x

    @user-nw3ks5li3x

    18 күн бұрын

    Wow,

  • @dand5829
    @dand5829 Жыл бұрын

    I worked for Philips in the 2010s. It's an extremely top heavy company that prioritizes paying outrageous salaries to the people working in Eindhoven over investing in developing new technology. Hard to compete when you spend all your money hiring middle managers rather than the engineers who do the work. I was a middle manager.

  • @andrew_koala2974

    @andrew_koala2974

    Жыл бұрын

    When I was studying Electronics Engineering with PHILIPS in the late 1960s (whilst serving in the MILITARY) AIR FORCE --- PHILIPS WERE paying me $25 a week -- Their upper-level / Executive management were paid at various rates between $150 - $220 per week -- That was a huge amount of money in those days, PHILIPS were making a fortune - and money was flowing like water -- not only with Domestic and industrial Electronics - PHILIPS also had a contract to manufacture and fit the avionics for our F/A 18 HORNET which was replacing the F-111 As an AIR FORCE Pilot - my salary was being supplemented by the GOVERNMENT

  • @gabrieleguerrisi4335

    @gabrieleguerrisi4335

    Жыл бұрын

    "I can blame you but I shoul not" 😂

  • @NazriB

    @NazriB

    Жыл бұрын

    Lies again? Don't Die Pig Heads

  • @92trdman

    @92trdman

    Жыл бұрын

    Miss manage as you mention it

  • @bighands69

    @bighands69

    Жыл бұрын

    Absolute nonsense.

  • @peterjansen4826
    @peterjansen4826 Жыл бұрын

    I am Dutch and into technology. I can tell you that Philips has been dying as a tech company for decades, in the 80's/90's it started to go downhill. Why? They cut on R&D in the Netherlands and internationally. They started to buy other companies (like medical diagnostic equipment) instead of developing technology. At its high point Philips got the greatest minds to its campus in Eindhoven to lecture the engineers, including Einstein.

  • @djoetma

    @djoetma

    Жыл бұрын

    Fun fact: Karl Marx stayed with the family in Zaltbommel (with the parents of the brothers). I don't agree that Philips was dying. They made the choice to shrink down the company and it probably was the right choice. Look what happened to the likes of Nokia, Ericsson, Gründig and to a lesser extent Siemens. It's not a coincidence that all these European tech companies fell away. It actually isn't just in Europe. Look at companies like Motorola in the US and Sharp in Japan.

  • @fungo6631

    @fungo6631

    Жыл бұрын

    ​@@djoetma These are going away because of red communist сhіnks playing dirty and stealing any tech they can.

  • @aayaatable

    @aayaatable

    Жыл бұрын

    They don't have a choice, declining demographics will lead to this, Japan is in a similar situation as well

  • @junaidmzafar

    @junaidmzafar

    Жыл бұрын

    All I know Philips for now is shavers and toothbrushes

  • @howardsimpson489

    @howardsimpson489

    Жыл бұрын

    @@djoetma And RCA. A bit like the UK car industry.

  • @ritwikchattopadhyay3543
    @ritwikchattopadhyay354310 ай бұрын

    In 1990s, my family in India had our first color TV, made by Philips, it was an awesome TV set. It still works today.

  • @petebateman143
    @petebateman143 Жыл бұрын

    My brother used to work for Philips. He left because the entire management structure was toxic.

  • @charlesvanderhoog7056

    @charlesvanderhoog7056

    2 ай бұрын

    Yes, I was once asked by a senior manager in their ICT division whether there was a size beyond which a company could not fail. Philips lost its spirit long ago. I attended meetings on its HiFi consumer electronics and we were always met with a wall of conservative stupidity.

  • @LamboSpyder99
    @LamboSpyder99 Жыл бұрын

    As a techie, I believe there will be more such companies which will fail because of hiring more managers than engineers or skilled workers.

  • @deckard5pegasus673

    @deckard5pegasus673

    Жыл бұрын

    This is very true. In a modern company, the percentage of people that "actually do something" aka engineers, etc, is very low. Whilst the majority of employees are in Bullsh*t jobs like managers, paper pushers, etc. In fact there is a good book called "Bullsh*t jobs". It is worth a read.

  • @rodrigoandrescoloane

    @rodrigoandrescoloane

    Жыл бұрын

    ​@@deckard5pegasus673 I work at dell and they prioritize in the sales team all the way.....I mean having sales is good but, technology is such a risky industry.....imo the ones who keep it running are the R&D and the people who make the product happen. A good product sells by itself nowdays.

  • @raimondsstokmanis1892

    @raimondsstokmanis1892

    Жыл бұрын

    I think it will happen to EVERY company after a certain amount of time. Inevitable.

  • @Nine-Signs

    @Nine-Signs

    Жыл бұрын

    @@deckard5pegasus673 David Graeber. The author of your book and the main who invented the phrase "we are the 99%" during the London occupy movement. A great man much loved and missed. Other notable works: Debt: The First 5,000 Years.

  • @razorwireclouds5708

    @razorwireclouds5708

    Жыл бұрын

    There's also a complete lack of true marketers at Philips. Good riddance.

  • @Ex0dia5
    @Ex0dia5 Жыл бұрын

    I'm Dutch and my step father worked at Phillips for over 30 year. He lived all over Asia for years working for Phillips. He's been retired for over a decade now, but still gets his pension from Phillips, but has no love left for the company at all. He has witnessed the mismanagement and mistakes at Phillips first hand and has seen it get worse over the years during his retirement. The company is a former shell of itself and it makes him sad. The company was a lot bigger and important when he started there at the beginning of his career. He told me recently during Christmas holidays that the he knew and worked with the current CEO of Phillips. He said in the old days before he was CEO he would always point the finger at someone else and always find blame in someone other then himself when things went wrong. It's a shame Phillips could have been so much bigger and more important in the global electronic consumer market but it was all wasted due to bad decisions made primarily by management.

  • @TheBooban

    @TheBooban

    Жыл бұрын

    I think thats the same with all failed western companies. Which seems to be most of them. They got taken over by jerks.

  • @LeutnantJoker

    @LeutnantJoker

    Жыл бұрын

    Europe at the moment is doing its best to destroy every bit of tech and manufacturing we have left. The chemical and electronics industries were first, the automotive industry will soon follow. And the fact that Poland, when they want to invest in nuclear power, is no longer turning to Germany, but to South Korea, is also quite telling regarding the state of Europe in any high tech.

  • @lucasRem-ku6eb

    @lucasRem-ku6eb

    Жыл бұрын

    Exodias, WHY YOU CRY ANONYMOUS ????? Philips lightning, Singapore, Philips Taipei, do i know him ? I would call him no to say how evil you are here. WHY YOU DO THAT ? Roy Jakobs is all new to me, singapore i never was, you don't understand your father i guess, shame ? Margins in semiconductors, mosfet ? Only ASML is lucrative enough to make margins. Why you say this, why so stupid? SHAME ON YOU !

  • @OkarinHououinKyouma

    @OkarinHououinKyouma

    Жыл бұрын

    I stopped buying their products because of poor after sales services

  • @ps4games164

    @ps4games164

    Жыл бұрын

    The bad management coming from agreements with the competition. Agreements that allowing the company to target just specific people, not every potential customer. And another thing - the products are to be made to not last forever in order to secure steady sales.

  • @davidbrewer7937
    @davidbrewer793710 ай бұрын

    I spent nearly 40 years in electronics & at the turn of the milemium, Philips was one of my major clients. They were an amazing firm & being bound by confidentiality contract, allowed me access to thier R&D in Eindhoven where I spent a lot of time working on various things which included something called gun pitch modulation in CRT deflection. It was a fantastic invention & had they designed it maybe 5 years earlier would have been as big as the Trinitron was for Sony...

  • @AudieHolland

    @AudieHolland

    Ай бұрын

    Nah, Philips failed miserably in the marketing of their products. So even if they had developed that tv before Sony did... Btw, Sony had a fantastic name for their televisions: Trinitron. Can you remember a single Philips tv product name? I do. Compare: Sony - Trinitron Philips - 100 Hz television with Digital Scan They did make excellent television sets, but again, marketing was not their strong point.

  • @TheDutchMitchell

    @TheDutchMitchell

    Ай бұрын

    @@AudieHolland philips ambilight

  • @AudieHolland

    @AudieHolland

    Ай бұрын

    @@TheDutchMitchell Now that was a great name. Don't know how succesful the product was though.

  • @Teporame
    @Teporame8 ай бұрын

    I was an engineer at Philips consumer electronics. We used to say that the company was a tech giant with brittle marketing feet. I loved the company, the training, the culture, the pride to work there. I learned a lot. Very sad to see it gone. I was working for another company when the plant closed and I bought the last equipment before the closing. A tear runs down my cheek…..

  • @hooah2008
    @hooah2008 Жыл бұрын

    I’m an engineer at Philips around Eindhoven, and while summing up certain facts may look bad, it doesn’t feel bad for me because all the talents and spinoffs that Philips produced have created a very successful tech industry around Eindhoven. The company may be a shadow of what it once was, but the region is stronger than ever, which benefits many people.

  • @tired2sleep

    @tired2sleep

    9 ай бұрын

    I visited Eindhoven during my work trip through ASML and it was eye opening how much influence Philips had on the country and the industries it birthed. Especially when I visited Strijp S, it showed what kind of legacy Philips had created.

  • @cristianh.5133

    @cristianh.5133

    9 ай бұрын

    There’s absolutely nothing special about Eindhoven. I’ve lived there for years and it’s one of the most boring cities in the Netherlands. Culturally dead, awful housing market, dull architecture, high crime rate in the middle of the city…no landmarks, nothing, it’s an industrial city and I can definitely see why their weakness became lack of creativity. It’s a city for the rich and established who look to increase their wealth or retire. Nothing conducive to creativity. Not to mention the attitude of locals towards immigrants. Sad stuff, as it’s a city that’s so we’ll positioned and has so much potential.

  • @madxp9668

    @madxp9668

    9 ай бұрын

    It may work well in that region and help alot of ppl around getting jobs or other benefits But on the other hand, it doesn't "innovative" anymore, more like sub con producing products for larger brand, losing its own identity Giving up innovation and totally disconnected from the market trend Remember LG

  • @Mynipplesmychoice

    @Mynipplesmychoice

    9 ай бұрын

    Phillips failed because they should have bought in a American CEO. Americans know how to combine creativity and knowing how to make money.

  • @asbestosfibers1325

    @asbestosfibers1325

    9 ай бұрын

    Irrelevant.

  • @adamevans1989
    @adamevans1989 Жыл бұрын

    It's also left its mark on the actual geography of the Netherlands. Before Philips, Eindhoven was an insignificant city surrounded by some small villages, but due to Philips it grew into the large city it is today.

  • @daarom3472

    @daarom3472

    Жыл бұрын

    it's still an insignificant city surrounded by some small villages. No one here ever goes to Eindhoven unless you absolutely have to.

  • @thunderb00m

    @thunderb00m

    Жыл бұрын

    @@daarom3472 lmao chill bro

  • @obimk1104

    @obimk1104

    Жыл бұрын

    I live in Eindhoven, Eindhoven city is small, but Eindhoven "gathered" various small church towns surrounding Eindhoven, Stratum, Strijp, Tonglere, Woensel, Blixembosch. They all turned in neighborhoods. The latest modern addition is Meerhoven. (last 20 years,

  • @daarom3472

    @daarom3472

    Жыл бұрын

    @@thunderb00m just calling it how it is. It's like living in the US and saying the car industry turned Detroit in a major metropole.

  • @flp322

    @flp322

    Жыл бұрын

    @@daarom3472 they've got one of the country's best universities of technology there, as well as ASML, a company of global significance (discussed in the video), along with plenty of other companies in the technology industry (such as NXP, also discussed in the video). It may not have the allure of Amsterdam or Rotterdam, but it's hardly 'insignificant'.

  • @abibabol
    @abibabol Жыл бұрын

    Paying higher salaries and attention to those so called MBAs compared to core employees is the biggest reason for the downfall of all those tech giants.

  • @marknemeth267
    @marknemeth26710 ай бұрын

    I had a Philips MP3 player, MP4 player, earphones and I used them a lot. I also have a Philips electric shaver (OneBlade) which still works. We had a Philips TV too, it worked fine as well. We also have a Philips radio which still works as well, but we hadn't used it in a long time. So in general it was a good company. Bit sad that it is not active in the consumer electronics industry, but hey, this happens.

  • @Asianometry
    @Asianometry Жыл бұрын

    I wanted to do a video on Philips' decline for a long time. Now the story has been so well done that I feel I can't ever make a video on it. Great work

  • @TechAltar

    @TechAltar

    Жыл бұрын

    Thanks, I'm glad you liked it! Seeing how well the video is performing for me I'm sure there is space for you to talk about he company as well if you pick another angle or something :)

  • @thisnameisok

    @thisnameisok

    Жыл бұрын

    doooo iittttttt

  • @Ikbeneengeit

    @Ikbeneengeit

    Жыл бұрын

    Maybe there's a business school analysis out there? Lessons learned etc. I'm interested in WHY Phillips kept failing.

  • @ipdavid1043

    @ipdavid1043

    Жыл бұрын

    Frankly speaking, I follow your channel and only interested in your expertise on high tech but then you are not really good but yet focus on non high tech companies or industries. So what is the point of saying: I always want to do a video on Philips…

  • @jeff4362

    @jeff4362

    Жыл бұрын

    Thanks a lot to @TechAltar for this video because it was definitely a big story in tech history that somehow wasn't covered much (probably cause it's not American or Japanese). Very happy to hear the story of Philips. I think there's room for another video that goes in depth in the Philips-Sony duo in physical tech.

  • @rohypnotist6263
    @rohypnotist6263 Жыл бұрын

    My aunt spent her whole career working as an executive secretary and had a front row seat to all of it .She's been retired for 10 years now but her stories are fascinating .She worked for the second in command at the headquarters office.I got my first electric razor from her as a 12th birthday gift

  • @nathasyapramudita6312

    @nathasyapramudita6312

    Жыл бұрын

    Care to share some of your aunt story?

  • @rohypnotist6263

    @rohypnotist6263

    Жыл бұрын

    @@nathasyapramudita6312 I would if I could but I'm 47 and she told them to me as a teenager .Too much time has past for me to remember them well enough to repeat .30 years is a long time

  • @abdelrahmaneldesouki

    @abdelrahmaneldesouki

    Жыл бұрын

    That's a story enough for me. Thanks ❤️

  • @lucasRem-ku6eb

    @lucasRem-ku6eb

    Жыл бұрын

    Hello Clubber I guess i know who your ant is. The Razor company in Drachten is still in operation, was that the last production facility in Holland ? She was there too,when the mad guy dd the breadche, widescreen, the wrong building, when they just moved from the Rembrandt into the new building. You should upload some stories here, toggetter ?

  • @rohypnotist6263

    @rohypnotist6263

    Жыл бұрын

    @@lucasRem-ku6eb She worked at the Belgian HQ in Turnhout

  • @paulclarke8184
    @paulclarke81848 ай бұрын

    This is pretty spot on - I worked at Philips Research for 7 years in the 90's, including on CD-i, and yes the company direction was repeatedly wrong. Very sad. Worked with some great people.

  • @user-yz6rw3si3e
    @user-yz6rw3si3e7 ай бұрын

    I remember my parents buying a Philips double casette deck back in the 90s which made it convenient for making mixed tapes with the option of making the recording process shorter by using a double speed option. It was a system which sounded exemplary as well, and it had a switch to enhance bass. One of our neighbours also bought the same model after a demo at our house on a visit. Sad to see the company fall.

  • @meganharris4138
    @meganharris4138 Жыл бұрын

    I used to work at a company that was bought out by Philips (which was then rebranded to Philips Neuro) making brain scan equipment. I can't stress enough how horrified I still am by how little the management cared about making a quality product. Finding out their management has always made baffling decisions isn't too surprising.

  • @Bejaardenbus

    @Bejaardenbus

    Жыл бұрын

    It hasn't 'always' made baffling decisions. They started doing that when the MBAs came in and took over. There's a reason it was a gigantic company that produced some of the best equipment ever put out by anyone.

  • @nnnn7404

    @nnnn7404

    Жыл бұрын

    The target of most of those smaller companies is to be bought by a big company like Philips/sms/abbot or whatever.

  • @sanjitrath9114

    @sanjitrath9114

    Жыл бұрын

    large companies often get lost in layers of management and over time their management gets disillusioned disoriented and live in an alternative reality. Case in point - Boeing overlooked safety which resulted in one of the largest callbacks and losses in history

  • @jamesforte-mason8849

    @jamesforte-mason8849

    Жыл бұрын

    BT are the same, like a wafer biscuit, layer after layer of pointless and clueless managers all trying to account for their existence

  • @laface2361

    @laface2361

    Жыл бұрын

    I actually left philips medical shortly after the apnea drama and my experiences were similair, the fact my superior deliberately tried to hide bad samples when production was already not going too well is something I'm not going to forget soon, especially if you consider the products we made were also for a very vulnerable group of people

  • @florianschweiger6666
    @florianschweiger6666 Жыл бұрын

    Siemens, the last European Giant.

  • @typxxilps

    @typxxilps

    Жыл бұрын

    my first thoght too

  • @paweswierczek6265

    @paweswierczek6265

    Жыл бұрын

    Nokia telecommunications also

  • @me0101001000

    @me0101001000

    Жыл бұрын

    Don't forget ASML either. By market cap, it's the largest

  • @B21_raider

    @B21_raider

    Жыл бұрын

    Don’t forget asml largest of em all

  • @daniesalex7073

    @daniesalex7073

    Жыл бұрын

    @@paweswierczek6265 Nokia is owned by HMD

  • @thomasvcf
    @thomasvcf Жыл бұрын

    I've grown up close to the (previous) Philips HQ, having a summer construction job building their tech campus and I remember analyzing their strategies as case studies during my economics degree. My grandpa spent his entire career in their radio division, proudly representing the company in Syria, Ethiopia and beyond. My uncle worked for them all over Africa for decades. It was the benchmark of innovation at that time, 50's to 70's. What a sad fate of such a pioneer and proud heritage in the (Southern) Netherlands. At the same time, establishing 3 of the world top chip manufacturers plus so many inventions, should be a lesson to go back to basics of what made it successful; relentless innovation and smart commercialization.

  • @GPCBuilder
    @GPCBuilder4 ай бұрын

    it is sad up until 2:30 because ive had a philips indoor tv antenna from like the 90s and it still works. They will still be the tech giant they used to be in our hearts

  • @robwulz3493
    @robwulz3493 Жыл бұрын

    The death cycle of big companies always reads the same , and should always be on your mind if you work at one . My boss was very angry with us one day about feedback to improve my floors efficiency . He opened the suggestion box he had installed , to find a note saying " read the suggestions " signed and dated from me , 4 months ago .

  • @MHPloni-kl5ec
    @MHPloni-kl5ec Жыл бұрын

    Interestingly, a Philips hair trimmer I bought in 2018 is perhaps the best designed, engineered, and manufactured consumer product I've ever purchased.

  • @bandombeviews6035

    @bandombeviews6035

    Жыл бұрын

    Same lol. I've never had a single issue with my oneblade, even intentionally trying to cut myself with it, just to see if I could.

  • @ulzs7683

    @ulzs7683

    Жыл бұрын

    I had a Philips trimmer made in Hungary for 10 years No even exaggerating

  • @g3nov3s

    @g3nov3s

    Жыл бұрын

    Really, I have two Phillips hair trimmers - one made in the early 2000s in Europe and the other one made more recently in China. The newer one is crap, the power cable simply started to disintegrate after a while, while the old one is still going strong.

  • @Schlipperschlopper

    @Schlipperschlopper

    Жыл бұрын

    made in China = Crap.

  • @fetB

    @fetB

    Жыл бұрын

    I have this one blade thing, which is a trimmer but very fine and its great as a wet shaver. I get very close to a blade shave. A less wasteful head would probably better, though.

  • @safwathabedin2198
    @safwathabedin2198 Жыл бұрын

    I worked there for 1.5 years. Internally it is a open and amazing workplace. Reason it is failing is thinking way too much as a volunteer company than profit driven business. And definitely some old folks making bad decision. In general, it is full of innovative and talented people. I hope this company will rise again and continue its‘ legacy.

  • @joecool4656

    @joecool4656

    8 ай бұрын

    What do you mean by volunteer driven company? Thanks

  • @tigerlee7189
    @tigerlee71894 ай бұрын

    To Mr. TechAltar, you forgot to mention an invention of Philips it was a called "Laser Disk" for playing video format. Back in the early 80's I worked at Philips in Hamburg (Germany) and I worked at the production line of the Laser Disk. That was a transition from VHS tapes to DVD discs. This invention didn't live long and died in about 2-3 years later and was replaced by DVD format. The Laser discs wasn't popular anyway due to the high price to buy or even to rent a movie, not to mention the laser laser disk player you also had to buy as well to be able to play the movie. Cheers to you and thank you to bring me back to my old days.

  • @ChristianWagner888
    @ChristianWagner888 Жыл бұрын

    My father worked at the Aachen Philips research lab for 30 years as an electronics engineer until the early nineties. The research was still interesting at the time developing fiber optics production quality control devices for example. The bureaucratic management style stifled a lot of innovation though and my father was generally dissatisfied with management together with other engineers in his group.

  • @jondataco7643

    @jondataco7643

    Жыл бұрын

    How cool, i live in Aachen

  • @Azimus81

    @Azimus81

    Жыл бұрын

    While I grew up in Aachen, there was not only the Philips research center, but also a lightning factory and a monitor factory. Thousands of jobs were lost there in the last 25 years.

  • @abishek4300

    @abishek4300

    Жыл бұрын

    ​@Carlavagnen 13 Quattroporte?

  • @e39exclusiveclubpanama33

    @e39exclusiveclubpanama33

    Жыл бұрын

    I worked for philips in the supply chain dept. They rarely manufactures their stuff they usually use something called LM that is legal manufacturer in their medical field such as ultrasound imaging and MATCso it isn't surprising at all

  • @SiddharthaKS1983

    @SiddharthaKS1983

    Жыл бұрын

    This is very disheartening story.

  • @victorshopov4913
    @victorshopov4913 Жыл бұрын

    I work at the former Philips campus in Eindhoven and it is kinda sad to see all of old research labs being repurposed as office spaces. In fact the whole city was centered around Philips at some point, where entire neighborhoods would be just production facilities. Now they have all been repurposed for housing. Philips Research still exists, but as far as I know it is on a much smaller scale and they focus mostly on medical-related research. As you said, they have mostly given up on having their R&D stay in the Netherlands. The recent recalls of their respirators also caused a lot of problems for them, so I'm not that optimistic about their future given their track record. Seeing a giant fall this hard is both fascinating and sad at the same time.

  • @cohenworrior898

    @cohenworrior898

    Жыл бұрын

    The problem with the respirators, that's karma.

  • @wolfgangdevries127

    @wolfgangdevries127

    Жыл бұрын

    I remember the Evoluon in Eindhoven. I am that old :)

  • @interstat2222

    @interstat2222

    Жыл бұрын

    They had an incredible run of success for a European company considering how much competition they had from the far east. It's a lesson in not making short sighted decisions in business. A shame though.

  • @gr8vijay

    @gr8vijay

    Жыл бұрын

    So, you work in HTC ?

  • @LadypinkItBlog

    @LadypinkItBlog

    Жыл бұрын

    Update: "Philips Research still exists", it will not in the very next months.

  • @TheodoreRavindranath
    @TheodoreRavindranath9 ай бұрын

    Amazing content! So well researched and nicely presented. Thanks!

  • @martijnkamminga8229
    @martijnkamminga8229 Жыл бұрын

    I just found your channel. You are delivering quality work. Great job. Really cool!🎉

  • @TechAltar

    @TechAltar

    Жыл бұрын

    Welcome aboard!

  • @LAKXx
    @LAKXx Жыл бұрын

    The thing i used to like about Philips is that their products where sturdy and durable. I still have multiple electronics going strong after nearly 20 years of abuse while other brands of the same product broke down long ago

  • @Dice-Z

    @Dice-Z

    8 ай бұрын

    Yep. And they (mostly used) to have such high quality tech & electronics, especially audio equipement wise, that i could by 10€ earbuds or 100€ portable MP3/USB speakers that would last me years, and have superior quality, compared to all the typical brands like Apple selling you shit that breaks in months if not days (my record is like a couple hours for 50€ Apple earbuds) that would be priced two, to five, and sometimes even TEN times more expensive, for a quarter of its lifespan and similar if not worse quality. Especially those, god forbid, absolute garbage Apple earbuds.

  • @AshwinSriram

    @AshwinSriram

    4 ай бұрын

    My dad owned a Philips TV (his first one) that lasted over 20 years. It would have lasted even more had not a service guy messed it up. I own a CD-based music player from Philips that still works to this day (although I use it very rarely). I bought it 20 years ago.

  • @Jezzaaa

    @Jezzaaa

    3 ай бұрын

    My father has a radio from Phillips from 1974. Still works after 50 years, with dirt and grime on the outside

  • @slome815

    @slome815

    3 ай бұрын

    My 1962 philips radio I inherited from my grandfather also still works. All vacuum tubes, and it sounds great.

  • @lucadipaolo1997

    @lucadipaolo1997

    2 ай бұрын

    @@AshwinSriram I have a Philips CRT that I use for playing retro games, it was manufactured in 1998 and still works perfectly. Someone managed to rip off the front buttons, but I use the remote anyway lol.

  • @kevin_g1164
    @kevin_g1164 Жыл бұрын

    My Father worked at Philips for many years. Back in the 60's they made TVs in Australia and every part and I mean every part was made locally in their local production facility. I know because dad took me there to see how everything was made from wires to vacuum tubes and picture tubes. At that time they had a research facility that was at the leading edge of solid state electronics but that facility was closed down and was moved to Singapore and the rest is history. At that time Dad took me to see the installation and commissioning of one of our first electron microscopes (you missed Philips Scientific which was also a business unit). However, the 70's it became very apparent that unless you has a strong connection with someone important in Eindhoven you would go nowhere much. Dad used to refer to the all wise and powerful men from Holland. That introspection got worse so bad mangers went up in the organization and the cancer in Eindhoven was spread globally. Then era of the accountant lead demise had started. The free fall gathered pace in the 80's. So many great ideas, inventions, new products but such poor management.

  • @ArifIkhwan-if4fp

    @ArifIkhwan-if4fp

    7 ай бұрын

    You can make article with this... 😁

  • @mvd4436

    @mvd4436

    6 ай бұрын

    It looks like the company still tried hard and just didn't get any home runs later in its life.

  • @anonvideo738

    @anonvideo738

    3 ай бұрын

    @@mvd4436 more like: managers their pet projects didnt score any homeruns.

  • @MEGAMITSIMAN

    @MEGAMITSIMAN

    3 ай бұрын

    Same here in Naenae, across the ditch here in New Zealand. They closed up their TV manufacturing here in 1987-1988?

  • @simonreiger7422

    @simonreiger7422

    2 ай бұрын

    This must've been the Adelaide facility then?

  • @bunface
    @bunface9 ай бұрын

    I worked at Philips Design briefly before everything went burst in 2009. IMO one of the big reasons that Philips went down was they stopped recognizing actual values, such as tech and innovation, as the core of the company. They value "brand" more than anything else. They took a very high stance on their Philips brand when in reality no one really cares about it anymore. They often buy smaller up and coming companies that had success in their respective fields, and Philip's goal was always to replace them and wipe that brand off the market. That really pissed off major retailers that valued the smaller brands more than Philips. They also rely on OEM to fill their product line up, and often it was up to the design team to create value. However, even within the design teams, politics meant that their design talents spread all over the world had little chance to interact and collaborate, which was a huge shame. I used to hear all the amazing stories from veteran designers who worked in different design offices all over the world between the 80s and 90s, and wished i was born three decades earlier.

  • @Dudleymiddleton
    @Dudleymiddleton8 ай бұрын

    I do remember the compact cassete recorder with that simple transport mechanism push up to play, pull down to stop, left or right to fast wind, and red button plus push forward to record. Then they started getting more complex like everything else!

  • @fazerider9287
    @fazerider9287 Жыл бұрын

    My father would have been saddened by this, though not surprised. He worked for Mullard, which became Philips Research Laboratories, based near Redhill in Surrey, UK. He was frequently exasperated by Philips’ management decisions. One year, Philips made a rather poor pay offer, but tried to sweeten the deal by including a fully funded private medical insurance package. The staff argued they’d prefer a better pay rise instead, but eventually accepted. The medical insurance scheme came back to haunt Philips. It was a lifetime deal and covered a spouse too. Belatedly, they realised premiums were becoming extremely costly as the workforce aged and they decided to renege on the deal. The staff, many of them now retired, fought a group action in the courts and won. Philips then had to pay for both parties’ legal expenses in addition to continuing to fund the medical insurance. In the eighties my father, together with almost every other member of staff over the age of 55 years, was made redundant because management decided the average age of employees at the lab was too high.

  • @steveg5129

    @steveg5129

    Жыл бұрын

    My Father also worked at Mullard / PRL from the 60's unit the early 90's. He was in the machine shop, where he and his colleagues worked on mechanical components of many of the prototypes which Phillips had in deleopment at the time. They also used to make occasional parts for satellites and experimantal military systems, and Phillips also did some contract work at the site for other companies. The workshops and everything on that part of the site was closed down shortly after my father retired and half the site was sold off. A few years later the rest of the site was sold and Phillips were said to be moving their R&D to Eindhoven.

  • @fazerider9287

    @fazerider9287

    Жыл бұрын

    @@steveg5129 They may well have met then, my father had a high regard for the abilities of the folks in the machine shop. In the 80’s I worked briefly in Systems Division on the south side of the site and revisited the site occasionally via Google Earth over the years. It was sad to see it derelict, then demolished and now occupied by warehouses.

  • @Bader1940

    @Bader1940

    Жыл бұрын

    My first job from University in 1988 was at PRL, Salfords, near Redhill. Now it's a storage facility. I still live in the area but have spent the rest of my career in tech working for Americans. In the late 80s there was already a feeling of decay, which is why I left. A great shame.

  • @grahamstevenson1740

    @grahamstevenson1740

    Жыл бұрын

    Ericsson too made the mistake of letting their 'too old' staff go. Pure insanity.

  • @Uptimind

    @Uptimind

    Жыл бұрын

    Firing workers who are too "old" is such a dumb move. Here in Copenhagen there's an electronics component store (Brinck / Elextra) - and they still have a dude working there who's my father's age. A can't believe he isn't pensioned yet: he must be close to 70. He's worked there for at least 28 years. I thought about that the last time I saw him. Made me appreciate the fact that his brain is such a HUGE reservoir of knowledge. Letting him go would be insanely dumb. He has the expertise to serve customers, and make sure they always get the help they need - even with the nerdiest of requests. On the other hand, there's also a camera store here in Copenhagen (Photografica) - and it used to be seen as a deluxe dealer of professional cameras, used cameras (Hasselblad, Rolleiflex, Leica, etc) with a repair facility, etc - and staffed by highly skilled photography experts. Now, the last time I went there, I was shocked that they were only staffed by teenagers, who knew very very little about even elementary photographic history or techniques. I lost a LOT of respect for that store.

  • @peterjansen4826
    @peterjansen4826 Жыл бұрын

    Here a fun little anedote about Philips which you won't find on the internet but is known to some of the local people. When Philips invented the CD-player they intended to use 14 bits to encode the sound, you can thank Sony for the 2 extra bits, Sony had technological reasons for it - due to their producing business - and Sony worked with Philips on the software-side of the CD-player so eventually Sony twisted Philips its arm and Philips agreed to 16 bits. A better known secret: Philips agreed to make a CD-based console (or at least the CD-part of it) with Nintendo, that failed and that was the direct reason why Sony made its own console, the PlayStation. First Sony tried to take over from Philips for Nintendo but eventually that did not work out and Sony decided to do it themselves.

  • @jaunedroite

    @jaunedroite

    Жыл бұрын

    I mean it is a fun anecdote, but is not exactly secret and definitely on the internet. It's even part of the Wikipedia articles on it.

  • @radoo86

    @radoo86

    Жыл бұрын

    Wow, I did not know that.

  • @Altair00rion

    @Altair00rion

    Жыл бұрын

    Thanks for the anecdote. It was new to me!

  • @YoungThos

    @YoungThos

    Жыл бұрын

    You could say the Philips CD-i and Sony PlayStation both came about as a result of Nintendo being impossible to work with 🙃

  • @michaelharrison1093

    @michaelharrison1093

    Жыл бұрын

    For several years all the initially produced Philips CD players only used 14-bit DACs so the CD you were playing might have been recorded with 16-bits, but if you owned a Philips branded CD player you only got to listen to 14-bit music.

  • @AMLCOrey
    @AMLCOrey3 ай бұрын

    Well made video. In the late 19802 till early 1990s, my dad (born 1954) worked for Philips in Hamburg, Germany. He was a CISA certified IT specialist. First from around 1987 to 1990 in the IT Department, which at the time was a new and a rather pioneering thing, then from 1990 to about 1995 in the Internal Audit department. He spoke briefly (confidentiality code) about the internal issues that the company ghas had back in the day and I got it they suffered from a heavy internal corruption back then already. Philips decided to sell their IT department in the mid-1990s to a durch IT consultancy firm, called ATOS Origin, who also kind of head-hunted my dad. The downfall of Philips is purely caused by bad senior managmeent.

  • @android4873
    @android48739 ай бұрын

    I worked as an apprentice then as a tech at the Hendon works in Adelaide in the 60s and 70s. I enjoyed my time there as part of the Philips family. This set me up for my work life like a charm. Fond memories.

  • @Pakal77
    @Pakal77 Жыл бұрын

    I worked at Philips Semiconductors until 2002. It's very sad knowing what's happened. "Let's make things better" was our sentence.

  • @Nightdare

    @Nightdare

    Жыл бұрын

    By the time they used that slogan, the reality was already "Let's make things as cheap as possible (to produce)"

  • @hemptinyhouse6663

    @hemptinyhouse6663

    Жыл бұрын

    I briefly worked for Philips in the late 90’s. I remember a manager telling me how they once rearranged the words on a company sign to read “Let’s make better things”.

  • @subraxas

    @subraxas

    Жыл бұрын

    @@hemptinyhouse6663 😀 😀 + 😞

  • @sw6188

    @sw6188

    Жыл бұрын

    I used to repair CRT TVs and audio equipment in the 80s and 90s, and I dreaded getting Phillips units to look at. They were always grossly over-engineered. For example, in some TVs they had protection circuits to protect the protection circuits and if one part shut down, it took everything else down and it was then difficult to work out which section was actually the problem. We had a saying for Phillips electronics in the workshop "Let's make things overly complicated".

  • @Robterdammer

    @Robterdammer

    Жыл бұрын

    Die slogan was verzonnen door de raad van bestuur om te communiceren met het personeel dat de producten beter moesten zijn. Zo groot was de afstand tussen de directie en de designafdeling inmiddels.

  • @oliverlin6220
    @oliverlin6220 Жыл бұрын

    Just to add that Philips Records was also one of the biggest labels in classical music industry and many of the recordings are still considered to be the finest. It's fate was being absorbed into Universal Music but the American consortium decided to discontinue the Philips brand. Philips huge historical recording repertoire has been reissuing under other labels such as Decca, which is also under Universal Music. It's really a sad story that Philips declined in the music industry and they eventually sold the business. So does for EMI.

  • @toku_floyd

    @toku_floyd

    Жыл бұрын

    EMI was killed by researching developing and building the MRI scanner. It bankrupted them, the early device and everything was snatched up by an American company for peanuts.

  • @kentGrey

    @kentGrey

    Жыл бұрын

    Wow. So basically they'd gotten to the point where they sold off all real assets along with the right to use the Phillips name, then even the name became of little worth so Universal ONLY purchased the masters and rights. That is sad.

  • @leonbongers6004

    @leonbongers6004

    Жыл бұрын

    Philips was owner of polygram until 1998 the largest music company at time.

  • @donnafromnyc

    @donnafromnyc

    Жыл бұрын

    Philips was also huge in pop recording in the 1960s. Dusty Springfield and the Four Seasons.

  • @ntro9347

    @ntro9347

    Жыл бұрын

    @@donnafromnyc and jazz with Nina Simone

  • @suddhojitgon5929
    @suddhojitgon5929 Жыл бұрын

    Nice video. Well researched and edited. The narration is top-notch.

  • @jonasmeier417
    @jonasmeier4178 ай бұрын

    Remember the Philips DCC - The Digital Compact Cassette?:-) And the boomboxes cassette & cd were great!

  • @Bussipysakillah
    @Bussipysakillah Жыл бұрын

    My grandfather used to build Philips TVs for people in the 50s in western Finland. As a consequence they had one of the first TVs in town despite being working class, which my mother always thought was very cool. My grandmother in turn was quite pleased when she found out I had bought a Philips TV some 10 years ago (still got it). Nothing lasts forever, I guess, but it's a bit sad to hear.

  • @charleshoang566

    @charleshoang566

    Жыл бұрын

    My father in Vietnam bought a Philips radio 50 years ago and it is still working today after he died 3 years ago.

  • @bittoochatterjee2661

    @bittoochatterjee2661

    8 ай бұрын

    During Mid 1970's - Early 1980'S In India Used To Have A Few Electronics Products Made By Philips As A INDIAN Must Confess This So Called EUROPEAN ELECTRONIC PRODUCT GIANT 😁😁 THIRD GRADE TO THE CORE😁😁 ZERO AFTER SALES SERVICE🤢🤢 ZERO AFTER SALES CUSTOMER CARE 🤢🤢🤢🤢 I ANY DAY IN THE 1980'S - 1990'S PREFERED BUYING JAPANESE ELECTRONIC PRODUCTS SONY, NATIONAL, O GENERAL, PANASONIC, AKAI, NATIONAL, FUNAI COLOUR TV, VCP, VCR , MUSIC SYSTEM, WALKMAN AS AN SOUTH ASIAN PREFERED FAR EAST ASIAN MADE PRODUCTS👍👍👍👍😍😍😍😍😍😍❤❤❤❤❤❤ AND NOT SO CALLED SELF HYPED EUROPEAN COMPANY PRODUCTS 😁😁😁😁😁😁🤣🤣

  • @sebastian3004

    @sebastian3004

    4 ай бұрын

    They had TVs in fucking 50s???????? anyways Samsung made their first TV in 70s hahahaha

  • @MarcLeeman
    @MarcLeeman Жыл бұрын

    The sad thing about the dissolution of Philips is that the people responsible for its decline have or have been made to jump ship where they now apply the same proven management style on other healthy companies.

  • @SirBored

    @SirBored

    3 ай бұрын

    Almost like a disease 😬

  • @ppploan7625
    @ppploan76258 ай бұрын

    I used to work for Phillips as a janitor

  • @NjonjoNdehi
    @NjonjoNdehi10 ай бұрын

    Their spinoff Advanced Semiconductor Materials Lithography (ASML) is fabulously successful, especially their EUV (extreme ultra violet) fabrication equipment. 👍🏽

  • @samuelflg607
    @samuelflg607 Жыл бұрын

    Just imagining how big Phillips could have been if things went the right way. 1/4 of tsmc, Alone would be a game changer And that in combination with a stake in ASML Incredible

  • @thunderb00m

    @thunderb00m

    Жыл бұрын

    Executives focus on short-term profits. It's easy to see why they will take the easy way out, sell and automatically add some juicy margin to their balance sheet.

  • @lucasRem-ku6eb

    @lucasRem-ku6eb

    Жыл бұрын

    Why you say outsourcing is bad, ASML, TSMC, all great companies, this is Frist Philips mission. We are bigger than ever now ! Most TSMC stock is sold now, that is the way how we developed these scanners, on Covid, we saved everyone ! Make better margins, why sell low level trash ?

  • @nassimabed

    @nassimabed

    Жыл бұрын

    Where I come from there's a saying that translates as such: We planted "what if" and it grew to become "how I wish".

  • @mishkosimonovski23

    @mishkosimonovski23

    Жыл бұрын

    They couldve been the "European Samsung".

  • @chowderwhillis9448

    @chowderwhillis9448

    Жыл бұрын

    @@nassimabed I think I get what you mean but not really... what are you, Indian? Pakistani? Burmese?

  • @timovandrey
    @timovandrey Жыл бұрын

    I worked at Philips in Hamburg for 6 years. The biggest thing I was always stunned about was that they just shut down R&D more and more, and had other big departments closed due to (in my non-managerial eyes) mismanagement.Its very unfortunate, given how Hamburg was the birth place of the Röntgen/X-Ray tubes. The apprenticeship however was top notch, and working there was interesting!

  • @Muldini

    @Muldini

    Жыл бұрын

    I actually remember when they replaced the gigantic Röntgenmüller logo on their Fuhlsbüttel building with the Philips logo.

  • @timovandrey

    @timovandrey

    Жыл бұрын

    @Muldoni I was once on top of the new office building directly behind the logo because they didn't close it in the beginning. It was a very nice view, although it was just a crossing lol. But that must be very long ago, since I can't remember a Röntgenmüller sign. When did that happen?

  • @Muldini

    @Muldini

    Жыл бұрын

    @@timovandrey The switch must have been late 80s. The huge RÖNTGENMÜLLER sign was somewhat of a landmark, probably 20m wide and visible from the Alsterkrugchaussee. I went to school at Ratsmühlendamm in the 70s so I walked past it daily.

  • @mananasi_ananas

    @mananasi_ananas

    Жыл бұрын

    I work at a company which used to be Philips. We're still doing very interesting stuff with X-ray tubes.

  • @timovandrey

    @timovandrey

    Жыл бұрын

    @David Yxlon, possibly? I was always interested in their field of expertise, lol

  • @seanaran
    @seanaran Жыл бұрын

    Awesome analysis! Great job 👏🏼

  • @dipiti8739
    @dipiti873910 ай бұрын

    I remember the Philips Valve radio that had worked again after I washed it from inside well (and let it dry).

  • @j.w.5960
    @j.w.5960 Жыл бұрын

    I worked for Philips Healthcare in the UK for many years in field support and on several occasions through that time bumped into people who were proud to tell me they had worked for Philips, even though they had been made redundant. The company I left (after a controversial and unpopular contract change was forced on us) was not the company I joined and I have no love for it now, it has been brought down by arrogant management who have no respect for those who actually install and fix the equipment and think the skills required can be learnt from a quality manual.

  • @tedarcher9120

    @tedarcher9120

    Жыл бұрын

    With the new ceo things are changing now. No telling for the good or bad thpugh

  • @tedarcher9120

    @tedarcher9120

    Жыл бұрын

    @@j.w.5960 I work at Philips now Monday to friday and specialise in IGT, I guess it was a local british madness. Still wonder how did they get such a huge change approved in Netherlands, we can't even hite a guy without their consent

  • @beertlont776

    @beertlont776

    Жыл бұрын

    @@j.w.5960 how do people get hired to make money only for them to make choices that cost more money?

  • @rafaelosorio2251

    @rafaelosorio2251

    Жыл бұрын

    That's what happens when they hire based on the famous soft skills rather than on the real ones.

  • @OmegaGamingNetwork

    @OmegaGamingNetwork

    Жыл бұрын

    I worked for the healthcare division in the US years ago, arrogant management pretty much sums it up.

  • @dsnodgrass4843
    @dsnodgrass4843 Жыл бұрын

    There are a lot of parallels here to the American company General Electric; another huge "Everything Inc." that's faded down to a shadow of its former self. To be brief about it, the 1980s brought about the lust for "financialization" among large Western manufacturers, driven by pressure from wealthy "activist" stock investors. The Carl Icahns of the business world. Their games with equity drove the rush to globalize production to low-cost Asia; and to convert innovations into debt-service cash way too prematurely. The investors' goals were to turn these corporations into "banks" from manufacturers, with all the "cash cow"/ATM advantages (to only them) that implies. That's the *real* "Story Behind" declines like these.

  • @jmg8246

    @jmg8246

    Жыл бұрын

    What's your logic? It's all about inventions, without inventions all these companies will go the way of dodo birds... Apple is doing just fine with low-cost Asian production.

  • @EhEhEhEINSTEIN

    @EhEhEhEINSTEIN

    Жыл бұрын

    Tbf to GE, they did like $75b in revenue last year vs like $15b for Philips

  • @dsnodgrass4843

    @dsnodgrass4843

    Жыл бұрын

    @@EhEhEhEINSTEIN GE was bigger, and they accomplished more "financialization" than most, earlier.

  • @dsnodgrass4843

    @dsnodgrass4843

    Жыл бұрын

    @@jmg8246 it's history, bro. You're talking in basic terms about how something "should" be; I talked about what actually happened. Private equity is the lamprey that grew larger than the whale it was sucking blood from. That's why thieves like Bob Mercer are richer than God, and formerly productive "light bulb" companies like Philips and Sylvania are empty brands.

  • @tylerclayton6081

    @tylerclayton6081

    Жыл бұрын

    @@dsnodgrass4843 It worked out well for most American companies. The US currently has like 32 of the top 50 largest companies and most of the top ten. GE was an exception. Most other major companies didn’t decline like that. And GE is still a pretty huge company. They probably make the best jet engines besides pratt & whitney. GE is one of only several companies around the world capable of making advanced jet engines

  • @petermilburn1214
    @petermilburn12148 ай бұрын

    When I was a kid I had a Phillips electronic kit which was brilliant, in 1980 I had a Phillips boom box, brilliant. In 2006 I bought a Philips hifi which had out stations in different rooms when you went from room to room it followed you around the house. Then suddenly it wouldn't play, it apparently depended on Phillips maintaining some software for it to operate and they decided to close it down. Very disappointing.

  • @kailiu6105
    @kailiu61058 ай бұрын

    I worked for Philips Semiconductors, and I knew the story behind TSMC and ASML. When Philips spinned off its semicon division, we engineers felt horrible. Fortunately, NXP keeps growing anyway.

  • @LZentertainments
    @LZentertainments Жыл бұрын

    Crazy to think if they just kept like 1-5% of some of these ventures, they would likely be one of the highest valued companies today.

  • @obelic71

    @obelic71

    Жыл бұрын

    The extensive red tape, to many manegers and bean counters brought Philips to it knees

  • @ysbrandd4908

    @ysbrandd4908

    Жыл бұрын

    @@obelic71 yeah it's sad but true, used to be an absolute behomoth and an amazing innovator now it is just razors and toothbrushes...

  • @Maurazio

    @Maurazio

    Жыл бұрын

    the shareholders may have hold the shares of the new companies, I don't think it makes a ton of difference as long as they kept their HQ in the netherlands (which they did)

  • @chriskwakernaat2328

    @chriskwakernaat2328

    Жыл бұрын

    @@ysbrandd4908 not even those anymore..

  • @chowderwhillis9448

    @chowderwhillis9448

    Жыл бұрын

    Yeah, pretty pathetic why not just keep a few share of TSMC, ASML or any of the other dozen companies Phillips help found and invest in, to me just makes absolutely zero sense as to why they sold of anything that could've made them money in the long run... someone over there in Phillips completely regrets all of these inane decisions and is beating themselves up to this very day...

  • @michaelharrison1093
    @michaelharrison1093 Жыл бұрын

    I work in the semiconductor industry and I am surprised how often I run into people who used to work for Philips at some point in time and companies who trace their origin back to Philips. They have certainly created a lasting legacy within the semiconductor industry, its just a shame that they couldn't work out how to make their own company successful in this highly profitable industry.

  • @ferminromero2602
    @ferminromero26026 ай бұрын

    Listened to this video on my 2004 Philips mini stereo system which is connected to my computer. Good documentary. Thanks for posting this.

  • @RM-ti8nf
    @RM-ti8nf9 ай бұрын

    We had a Phillips tv in the 60s or70s in NZ. I currently have a wee Phillips mini system from 20 yrs ago, still going well. It was a very reliable brand!

  • @shaakunthala
    @shaakunthala Жыл бұрын

    I have Philips lighting products in my Eindhoven home that are estimated to be about 40 years old. Still in working condition with "Made in Holland" sticker. Back in Sri Lanka, my parents had several appliances from Philips, each lasted for about 30 years. The longevity of old Philips products are truly impressive. No matter where we were in the world, we grew up with the brand. If Philips is heading towards its death, that would be a very sad news.

  • @ironnoriboi

    @ironnoriboi

    Жыл бұрын

    Philips has been dead for a very long time. Vergane glorie zeggen we dan.

  • @lucasRem-ku6eb

    @lucasRem-ku6eb

    Жыл бұрын

    Hello, Do you have the US smart bulbs, US company produced them early 90th, outsourced. It still is a great company, thank you. Taipei are our friends, we need to support them more then ever ! Respect Frist Philips mission !

  • @chowderwhillis9448

    @chowderwhillis9448

    Жыл бұрын

    We had the absolutely gigantic Phillips Magnavox big screen TV back in the 90s, it must've been a 90 inch TV or something and was a CRT TV so you know it was heavy as hell and was very deep as well to hold the cathode ray tube in the back to produce the image since there were no LCD or LED TV's back then so it was an absolute behemoth of a device!!!

  • @Vysair

    @Vysair

    Жыл бұрын

    Do you remember those thick heavy af TV? They should lasted almost a freaking century!

  • @purpleghost4083

    @purpleghost4083

    Жыл бұрын

    @@chowderwhillis9448 For anyone reading this and wondering, that would be a rear projection and not a direct-view CRT tv. Direct-view CRT tv screen size was limited to about half the size of this r-p tv, so about 40-45 inches.

  • @Bartman4800
    @Bartman4800 Жыл бұрын

    In the early 2000's I finished working for the design department of ASML (through a contractor), and did a 6 month contract at Philips in the S-complex, designing parts for the First 2 stage wafer stepper. The old arrogance at Philips was still present; for instance they thought they could use their ERP system of choice (Baan) where they were eventually obliged to use ASML's (SAP). Philips still thought they were the king of the hill in Eindhoven, while across the road in Veldhoven things were progressing much faster. ASML did not need Philips for knowledge, but just lacked manpower. Autonomy as a design engineer was so much better at ASML, Philips was still stuck in the 80's. Someone joked that the fencing around the S-complex was facing inwards, as to keep employees in, not keep the nasties out 😄. At Philips they always keep a boundary between (HTS/Hochschule) Polytechnical educated Engineers and (TU/Universitat) University educated engineers. Maybe a strange concept to most foreigners, but Netherlands and Germany have Engineering at an applied level and at an R&D level. The University Engineers and Physicists had their own canteen, as if they did not want to mingle with the lower mortals. ASML had none of that stuff. There was great collaboration between the levels. I learned a lot talking to the Physicists about the theory behind some of the decisions, but alternatively the HTS engineers were usually the ones to come with a solution for a problem that could be manufactured. I loved the interaction on many levels and only left because my own contractor was pissing me off no-time. Philips offered me a permanent job after I was there for 3 months. They got really antsy when I declined. It was just not a very nice place to work...

  • @Nettlebed7

    @Nettlebed7

    Жыл бұрын

    You probably mean 'physicists', not medical doctors.

  • @Bartman4800

    @Bartman4800

    Жыл бұрын

    @@Nettlebed7 changed, thanks for the input

  • @anneg5720
    @anneg5720 Жыл бұрын

    I bought a philips tv 14 years ago and it still works to this day.

  • @Sakthivel2542

    @Sakthivel2542

    Жыл бұрын

    I used Philips emergency Flashlight, DVD player And Many Philips Light bulbs For years They're great.

  • @Sakthivel2542

    @Sakthivel2542

    Жыл бұрын

    Now i bought myself a Philips Trimmer also

  • @vikkThorero
    @vikkThorero9 ай бұрын

    I think you could also mention LG Display, one of the World's largest flat panel makers, which was originally a joint venture of Philips and LG.

  • @foxdavion6865
    @foxdavion6865 Жыл бұрын

    My grandfather was Dutch and I remember my grandparents used to have a home entertainment system which was entirely made up of a combination of Philips and Sony equipment, they also bought exclusively Philips lightbulbs right up till suddenly the quality dropped after 2000, so they stopped; I remember my grandfather lamenting about it. I personally was upset they exited the market because I always felt their low scale stuff, such as radios, power supplies, lightbulbs etc used to be superior to all the other brands. Cool fact: In Hearts of Iron 4 if you play as Netherlands, under company research and production selection page on the government tab, Phillips is listed for electronics and radar research speed increase.

  • @MaJuV
    @MaJuV Жыл бұрын

    Philips is one of those fallen giants. It used to be huge here in Belgium. It had several factories and anybody who worked at a high tech company HAD to work at Philips... at least that was the story while I was a kid and young teen. But since the 2000s, I only heard about those many, MANY, rounds of layoffs every few years. And every company I've worked for (even today) has people who used to work at Phillips but were fired during one of those rounds of layoffs. And most of those said the same thing: great colleagues, great working environment, but not a single good word of the upper management. The people who worked at the Philips TV factory in Bruges probably had it the worst. Well over a decade of cyclical layoffs, then the change to TP Vision, the Chinese TPV taking over, stripping the factory and eventully closing it in 2014. Then taking only a few hundred to a shell R&D department in Zwijnaarde... only to once again strip it down to 60 employees a few years later. That's barely anything from the 2250 original employees. It's been a while since they've been in the news... wouldn't be surprised if those last few dozen will get the axe sooner or later. *sigh*

  • @TheGreatBritishFarm

    @TheGreatBritishFarm

    Жыл бұрын

    Very sad and relatable to decline of industry here in the UK. Our house and my grandparents house both had big Belgian made Philips CRTs as main TVs up until 10 years ago.

  • @Embargoman

    @Embargoman

    Жыл бұрын

    One thing for sure they need to Acquire Daewoo Electronics long time ago, as to what has happened to Daewoo Conglomerate has split, yet to add another facility in South Korea as to say their are TVs made by Philips in South Korea exported also under a different name sometimes under Portland. It will be the focus on Philips doing something right for instance acquiring Whirlpool and also acquiring Daewoo Electronics to become Philips Korea as GM took over Daewoo’s automotive arm and Philips to take on Daewoo’s electronic arm probably making some Daewoo branded TVs in Belgium after Daewoo’s bankruptcy at the time like what Magnavox in the US that came out with Philips/Magnavox.

  • @zigzagtoes

    @zigzagtoes

    Жыл бұрын

    We had a phillips "flat screen" crt from early 90s. It only died a few yrs ago when it lept, with helping hand of someone with a temper, from a 12th floor balcony 😔 Still have my 14" crt frim same period, still works, but only used sometimes for original video gaming computers/consoles i own.

  • @chowderwhillis9448

    @chowderwhillis9448

    Жыл бұрын

    @@Embargoman say Daewoo one more time...

  • @chowderwhillis9448

    @chowderwhillis9448

    Жыл бұрын

    @@zigzagtoes who tf threw a Phillips Magnavox out a 12 story window?? and wtf is it doing up 12 stories anyhow?? wtf?? that could've smashed someone like a cartoon character if you weren't careful...

  • @IrishInsomniac76
    @IrishInsomniac768 ай бұрын

    I trusted the Philips brand until recently when their CPAP Dreamstation I was using for 5 years was found to contain sound deadening foam that was breaking down into carcinogenic particles. They issued a recall with no replacement for over a year. Cheap foam that can kill sums them up for me now.

  • @naalsocomment9449
    @naalsocomment944911 ай бұрын

    omg I didn't know this Philips have always been such a giant in the industry and their products (or products with their name on) are basically everywhere and it was always like, if you want to get something better buy Philips (and pay a little more) and get some unique features.

  • @ogorekkiszony7236
    @ogorekkiszony7236 Жыл бұрын

    Philips did indeed make good products. My tv was made by Philips back in 1984 and with no servicing, only an occasional external cleaning, it still works perfectly and I still enjoy watching tv on it.

  • @X001W19

    @X001W19

    11 ай бұрын

    A 1984 TV, antique product, amazing

  • @kingkobra1956

    @kingkobra1956

    9 ай бұрын

    I had a Philips TV that refused to die. I bought it for $350.00 at a pawn shop and it was less than a year old. I had it for 10 years until I decided to upgrade. I was waiting for it to die before purchasing a new one but it refused to die and was totally still trouble free. I liked Philips products and wondered what happened to them. Poor management destroys companies and that's what happened to Philips.

  • @X001W19

    @X001W19

    9 ай бұрын

    Eventually any good company will go bad, because they hire lots of "smart" people who has nothing to do, and they will try to "renovate" and destroy the perfect products. Example, Mercedes and BMW now add lots of useless features to their cars making them less reliable and expensive.

  • @himadrijoshi

    @himadrijoshi

    8 ай бұрын

    This. I swear by my Philips blenders and hair dryers ( the older one is from 2009 and still works flawlessly)

  • @ogorekkiszony7236

    @ogorekkiszony7236

    8 ай бұрын

    @@himadrijoshi my grandmother uses a Philips hairdryer from 1995, still works great.

  • @bjornkeizers
    @bjornkeizers Жыл бұрын

    It really is a shame. When I was a kid, Philips was well respected as a Dutch brand, as well as a global player. They were involved in some of the best products ever invented. It's downright depressing to see how far they've fallen.

  • @foameasetea
    @foameasetea10 ай бұрын

    I use a philips tooth bush and a clipper- very good quality. I trust this brand. Philips in my eyes means quality.

  • @daveinthailand
    @daveinthailand9 ай бұрын

    I had most these products cassette recorder and video 2000 recorders also i had the Philips ee1003 electronics kits released in the 70s sad to see them go 😢

  • @Slurkz
    @Slurkz Жыл бұрын

    Amazing video, thanks! 💜 Growing up as a geeky kid in the Netherlands in the 70’s, the magic innovation of Philips was everywhere and extremely inspiring to me. But very soon it became clear something was off when uncles and neighbors who happened to be engineers at Philips shared their deep and growing frustrations with their employer. Devastating mismanagement. Such a shame. 😢

  • @CoasterVerox
    @CoasterVerox Жыл бұрын

    My grandpa worked at Philips and invented things like the machine to make flat computer cables. I'll never stop having respect for him, even if it already has been 8 years since his passing. 🌹

  • @littleflower9425

    @littleflower9425

    Жыл бұрын

    RIP

  • @Leon_052

    @Leon_052

    Жыл бұрын

    R.I.P.

  • @jamescagney2713

    @jamescagney2713

    Жыл бұрын

    They call them ribbon cables but lets remember, it was a process that is only overheating a cable harness... not rocket science to a low level student.

  • @DrLoverLover

    @DrLoverLover

    Жыл бұрын

    Why would you stop having respect for people when they pass?

  • @sudhakarg8921

    @sudhakarg8921

    Жыл бұрын

    ​@@jamescagney2713 I have 27 patents. Remember, as you go deep, you can innovate just about anything under the sun. Did you see his work to be little him? The possibility to better is there even today.

  • @qaziaijaz7863
    @qaziaijaz78638 ай бұрын

    I am working with Philips from 2008 in audios ,shavers ,appliances as well as lightings I saw all these change in my tenure

  • @gaztambo139
    @gaztambo1398 ай бұрын

    Aside from the G7000 video game which I loved as a kid, nearly all the Philips products that I’ve ever owned have failed. From a TV that stopped working after 18 months, another TV that was HD ready but had a version of DVB that became obsolete as soon as HD was launched. A CD player that had a weird noise that couldn’t be fixed, VCR that stopped functioning after 2 years. Water flosser that stopped charging after 6 months, countless LED bulbs that failed well before their advertised lifespan, and a philishave shaver that gave me a neck rash, from new. I’ve tended to avoid Philips products in recent years.

  • @AaronMartinColby
    @AaronMartinColby Жыл бұрын

    I used to work at GE and it is amazing the amount of overlap in the two stories.

  • @bighands69

    @bighands69

    Жыл бұрын

    That is what happens when governments get involved in industry. Everything changes focus to regulations rather than innovation. Most innovations today are nothing more than marketing based around government regulations. A prime example of that would be automobiles.

  • @Shadowfax-1980

    @Shadowfax-1980

    Жыл бұрын

    @@bighands69 the government didn’t tell companies like GE to get into the loan business or tell Boeing to start cutting corners. There are plenty of ways to blame government over regulation, but lots of companies get into trouble all on their own.

  • @paleghost

    @paleghost

    Жыл бұрын

    How about RCA, Westinghouse, Xerox, DEC, Magnavox, DuPont, MaBell

  • @mattmanslim

    @mattmanslim

    Жыл бұрын

    I’ve always felt GE and Philips were separated at birth

  • @BillW50

    @BillW50

    Жыл бұрын

    @@paleghost Philips owned Magnavox. During WWII, Philips Eindhoven separated from North American Philips. Not knowing who would win the war, they figured one would survive. Well they both did. North American Philips bought out companies like Norelco and Magnavox (and dozens more) early on while being separated. North American Philips kept the other brand names and didn't put the Philips branding on them. My business cards from the 80's still said North American Philips on them. I can't tell you exactly when they officially merged back together, since bits and pieces were merged pieces at a time. When I worked from North American Philips, our division's research and development usually came from Philips Eindhoven. But my division this was always the case since WWII. But I remember the plan was to phase out brands like Norelco and Magnavox and to replace them with Philips. And in the late 80's you started to see Philips Norelco and Philips Magnavox. This continued into the 90's and then everything just said Philips by itself. In Europe, it was always branded as Philips.

  • @paolocanali3361
    @paolocanali3361 Жыл бұрын

    Before the semiconductor era, in 1926, Philips also developed and brought to the market the first major innovation in vacuum tube technology: the five electrodes vacuum tube, called pentode, enabled a huge step forward on early electronic devices capabilities and made Philips one of the biggest and most successful vacuum tube manufacturers in the world. Philips advanced vacuum tube technology, such as the EF50 tube, was a key contribution to RADAR developements during WW2.

  • @tocaat2410

    @tocaat2410

    Жыл бұрын

    Something to do with Bernard Tellegen, wasn't it?

  • @Julian-tf8nj
    @Julian-tf8nj4 ай бұрын

    As a teenager, I was inspired into science/tech in part by Philips excellent electronics kits. I fairly easily made sound detectors, AM/FM radio and many other circuits - which I remember with great fondness! Sad to hear of the company having gone so much downhill 😬

  • @alexandersardi4479
    @alexandersardi44797 ай бұрын

    For me and my family Phillips always a household appliances, and i always love their rice cooker, it's so easy to use and clean also i never doubt it's durability. Same goes with the lamp and other kitchen appliances

  • @clydesider123
    @clydesider123 Жыл бұрын

    My late dad worked for years in the bulbs department in Hamilton Scotland. He eventually became Departmental head and visited Eindhoven several times. He always said they were a good employer who looked after their employees. Sad to hear how times have changed.

  • @Tony_bobo

    @Tony_bobo

    Жыл бұрын

    well Philips still takes good care of its employee until those business was sold or failed....

  • @IanWilson-es4wi

    @IanWilson-es4wi

    Жыл бұрын

    Maybe they were a good employer who looked after their employees, but not in Hamilton any more. Apparently they'll be looking after them in Poland now, which is apparently where that factory was moved to, cos it's more profitable there. They did a Dyson - the much-lauded British inventor/businessman who eventually realised that business was the important bit and relocated his factories to Indonesia. Lower wage-bill, taxes, and I'm guessing, far less concern for health and safety. Never mind all the people who had jobs here.

  • @stephm4047
    @stephm4047 Жыл бұрын

    I started working as an engineer in France in a Philips R&D center which was sold. So I was an engineer at Philips for less than a year 😂. In the same year, they also sold their music business which was the world leader and was later renamed Universal Music. Management believed that the era of large conglomerates was coming to an end. Samsung was much smaller than Philips and Sony at that time but came out on top. Especially since Nokia was also run by the same kind of arrogant pricks.

  • @syarifairlangga4608

    @syarifairlangga4608

    Жыл бұрын

    there probably corruption, they sold their prolific business to a people who bribe them..

  • @Mr11ESSE111

    @Mr11ESSE111

    Жыл бұрын

    Nokia was ruined by Microsoft managers in Nokia which later buys Nokia for low amount of money but Nokia never was big after that

  • @boblordylordyhowie
    @boblordylordyhowie8 ай бұрын

    In 1978 I worked for Comet in Scotland, we even had a Philips factory on our doorstep. One of the product we sold was Philips music systems but they didn't sell well in the hifi market because they didn't use standard values and wouldn't connect to other manufacturers systems as most hifi did. Move forward 20 years and I am doing MRI installations in Germany. We would build the special room for the MRI and at one hospital where we were doing an installation for a Philips MRI but walked off the job when Philips engineers insisted we complete the room BEFORE they put the MRI in. We tried to explain it even taking a cardboard box and sealing it then asking them how they were going to get the MRI in, it didn't work, so, we called our company and went to another job. TWO WEEKS later we got a call that they were ready for us and would install the MRI, we told them we were busy, they'd have to wait. So, Philips going down is not a great surprise, I'm just amazed they lasted this long.

  • @woroGaming
    @woroGaming2 ай бұрын

    My dad worked in the experimental division, he f.e. build the very first videotape player (based on the plans of engineers of course). My parents would get the newest tech to take home with them in order to test it in an actual home situation. They did have to give it back so unfortunately no old gems in storage.

  • @peterw4338
    @peterw4338 Жыл бұрын

    The quickest way to fail a company is to put an accountant in charge

  • @danvolodar

    @danvolodar

    Жыл бұрын

    Solving extremely complex technical problems only to fail to sell them doesn't sound like a problem an accountant in charge is likely to produce, tbh.

  • @peterzimmerman1114

    @peterzimmerman1114

    Жыл бұрын

    The Accountant will euthanize the company in a "humane manner" and slowly dismantle it while paying out dividends.

  • @peterw4338

    @peterw4338

    Жыл бұрын

    @@peterzimmerman1114 Well said. This happened to a few companies I contracted with.

  • @peterzimmerman1114

    @peterzimmerman1114

    Жыл бұрын

    @@peterw4338 They have their place and skills, managing resources, making ends meet, but they arn't visionaries that create value unless they got that extra skill for it, some people are multifaceted. At the same time many companies have gone under because they are completely run by visionaries that can't manage resources. That's why successfull businesses needs either a an incredible individual to drive them forward or a group of people with complementing skillsets that work well together, It's usually the idea of a board to have people with different experiences to provide feedback. I'm the accountant kind, but I also realize that you need to keep the ship moving and competitive, not just afloat, for that you need to keepup. It helps if you know when you need to get feedback and knowing where to look for it. The worst would be those that are like Mao Zedong, normally they don't make it into a business and their reputation tends to get their career shot after a while, but if they do it's doomed.

  • @danvolodar

    @danvolodar

    Жыл бұрын

    @@peterzimmerman1114 sure, point is, "let's invest into cool tech now and then look for ways to sell it later" is an approach engineers rather than accountants are prone to take.

  • @buckwylde7965
    @buckwylde7965 Жыл бұрын

    Pretty much the same thing happened to Hewlett Packard. HP has been split up many times since 1999 and now exists only as a name. It once was one of the best companies to work for.

  • @HansOvervoorde

    @HansOvervoorde

    Жыл бұрын

    So sad, HP was such a trusted name in the medical field and in the field of computer servers, among other fields.

  • @alanmusicman3385

    @alanmusicman3385

    Жыл бұрын

    from the late 1990s onward it was the printers business that really kept HP at the top level - people used to say that it was a company that was only still sailing because it was floating along on the proceeds from a sea of coloured water!

  • @buckwylde7965

    @buckwylde7965

    Жыл бұрын

    @@alanmusicman3385 Yep, I worked 11 years at HP's printer plant in Vancouver, WA, best job I ever had. We made 25% of the corporate's profit worldwide for years, huge profits margins that just keep going. We made printers 24/7 but one day the world was full of printers, I had two at home, and the prices impleaded, along with our organization. I got the last of the warm and fuzzy out of HP with 2 years salary and two years fully paid education by leaving. It was super as long as it lasted.

  • @buckwylde7965

    @buckwylde7965

    Жыл бұрын

    @@HansOvervoorde I worked at the HP printer factory in Vancouver Washington for 11 years, best job of my life. Companies are like people, they are conceived, they grow ans mature and then decline and die. Some last centuries, some last only a few years.

  • @golden.lights.twinkle2329

    @golden.lights.twinkle2329

    Жыл бұрын

    I used to work for Univac.

  • @nuy6n6nn
    @nuy6n6nn8 ай бұрын

    Man, Phillips is a YTP making machine. Seeing it die would be sad

  • @forgottnmustard3502
    @forgottnmustard3502 Жыл бұрын

    We have Philips radio from early 90's turning on everyday working 5 hours everyday till this day only capacitors are changed

  • @ojkolsrud1
    @ojkolsrud1 Жыл бұрын

    I'm glad my grandfather didn't hear about this. He actually contributed a lot back in the day to the development of color television. A really smart man. Due to WW2, he was never able to get a formal engineering degree. But, he worked as an engineer. His salary though, not an engineer. However, he used to go to Holland a lot, when ever those teams were struggling with something related to TV.

  • @SoraKoi23
    @SoraKoi23 Жыл бұрын

    My father used to tell me stories of my grandfather's time working for Philips in Eindhoven back around the 50'-80's. Philips was run very informally back then, at least in practice. Iirc he often paid (and was paid) for favors from other divisions with cigars, which were paid for by the company, and he managed to convince someone to let him take home the sheets where prints had already been cut out which he then reclaimed tiny amounts of gold from till he was able to forge a few rings for his kids. And my father also tells me how that those times ended when for-profit-management was installed. Nowadays ASML seems to have become the shining jewel and much of the lifeblood of the city. A fair chunk of my friends work there. Still, you can see it's legacy all the way into our football team PSV.

  • @oki_0074
    @oki_0074 Жыл бұрын

    I used to build Philips TVs in purley way croydon in the 90s it closed down and moved Europe it was a wonderful company to work for

  • @HoLDoN4Sec
    @HoLDoN4Sec8 ай бұрын

    i think you have a small mistake around Phillips coffee machines division. Phillips bought Saeco (which also owns Gaggia) in 2009, and in 2017 they sold Philips and Saeco's industrial Coffee machines division (Coffee Machines for coffee shops) to Necta and Wittenberg. Phillips is said to still own Saeco's and their own domestic coffee machine divisions (they make a shit ton of money just from selling their aquaclean filters alone, let alone the rest of their domestic machines maintenance resupplies, and of course their machines which are probably the best or 2nd best brands in the domestic automatic coffee machine market - they own Saeco, Philips Coffee and Gaggia after all...)

  • @ncmartinez_his
    @ncmartinez_his Жыл бұрын

    Many years ago I managed a project at Philips Semiconductor in San Jose, CA. The management of the facility and the operations was SO dysfunctional since it required the local management team to pass every decision through management in the Netherlands. I was with IBM at the time and it was apparent to our management that this client was going to be a loss after we returned and gave a report of the issues present at the site.

  • @everyhandletaken
    @everyhandletaken Жыл бұрын

    Philips products from back in the day were just brilliant. I certainly wish we still had more of that level of quality in this era.

  • @CURTlS

    @CURTlS

    Жыл бұрын

    But they literally invented planned obsolescence

  • @bellissimo4520

    @bellissimo4520

    Жыл бұрын

    Funnily, I remember very well that back in the 80's I always loved certain products from them, but the actual build quality was almost always inferior to that of Japanese companys like Sony. For instance, Philips monitors used to be great in terms of picture quality, features etc.; but any mechanical part that they had, like a cover for the front controls, would almost inevitably break after a few years.

  • @Mimeniia

    @Mimeniia

    Жыл бұрын

    I find that compared to today's trash they still give you bang for your buck.

  • @patrickfarnburn5704

    @patrickfarnburn5704

    Жыл бұрын

    There where many bad products, nearly every product with mechanics inside gives soon or late problems, like taperecorders for example. Radio's and measuring equipment were of good quality.

  • @6581punk

    @6581punk

    Жыл бұрын

    I bought a Phillips LCD TV in about 2015 and replaced it in 2017. It had a terrible user interface, awful colour balance that I could never get tuned in right. Then lines started to appear across the panel and I replaced it with an LG (I'd had an LG before it) it's so much better.

  • @gammerlaan
    @gammerlaan7 ай бұрын

    I’ve worked very closely with Philips engineers in the Eindhoven area. They are the best engineers I’ve ever met and it is an honour and pleasure to work with them.

  • @streamingvideo6654
    @streamingvideo66548 ай бұрын

    I bought a Philips LCD monitor a while back, but sadly it stopped working after like 2-3 years. I really liked that LCD. But other brands such as HP and Asus seem to last longer. I still buy and use their LED lights though, they're really well made.

  • @Trevski2001
    @Trevski2001 Жыл бұрын

    A very sad story and one I have followed as a bystander for many years. It's also far from unique. The story of the development of the CD reminded me of the story of Kodak who were once a giant in film, whether your home 35mm camera or stock for the latest blockbuster movie. As you would expect, they had an R&D department who were early pioneers of digital video, but when the department pitched their invention to the board of Kodak, the response was "we're the kings of film so why would we want to invest in this new technology which can't add anything other than increased costs". Of course Kodak weren't the only people working on digital video, competitors took advantage to become leaders in the new technology leaving Kodak to play catch-up, and the rest is history. Lots of management bods like to think of themselves as innovators and entrepreneurs but in reality very few are. Mainly they are over-hyped (and over paid) administrators and it is this managerial class who I blame for the decline of western business. I'm from the UK where, in common with much of Europe, we have lots of talent - engineers, scientists, artists - but we are let down time and again by poor (often abysmal) management. Two of the main reasons for this are the "it's not what you know but who you know" culture and also the more recent 'fast tracking' of those who can wave a 'degree' in the air and thus over-ride those with years of relevant experience. This has been my personal experience over a lifetime of work and also, reading previous comments, many others. In fact it's 'common knowledge' but something approaching heresy to actually acknowledge. So you have the vampiric managerial classes laying waste to all they come into contact with. They may spot a small-ish company who is doing well so decide to buy it and often in the process likely stifle the very qualities which made it successful. Increasingly, large companies do not initiate real growth, just grow by 'acquisitions'. But they've increased the 'head count' so that's another few million £$ etc for me says the boss. Then when technology moves on, fashions change or we reach an economic downturn it's a a case of 'rationalisation', ie reducing the 'head count' and 'look at how much money I've saved' so that's another few million for me. The fact that so many 'offsprings' have prospered after being set free says it all.

  • @PRH123

    @PRH123

    Жыл бұрын

    Well said. If a company does not have a culture of internal leadership, and does not demand performance from individuals in upper or even middle management, inertness, bureaucracy and poor decision making begin to creep in. There are many large corporations in EU now, where if half of upper management stopped coming in to work, no one would notice the difference. Too many people who don’t perform keeping chairs warm.

  • @levynagyphoto

    @levynagyphoto

    Жыл бұрын

    @@PRH123 You just gave us a definition of the typical manager working at Signify in 2023.

  • @levynagyphoto

    @levynagyphoto

    Жыл бұрын

    This is exactly what Philips/Signify has been doing since 2016.

  • @gabrielv.4358

    @gabrielv.4358

    7 ай бұрын

    Have you participated on the wOOx invention????

  • @YassineSaidi
    @YassineSaidi Жыл бұрын

    I've worked internships at the NXP facility where they invented the NFC technology, they have a really great innovation culture and spinning it off ended up a good success.

  • @ZAGIDI
    @ZAGIDI10 ай бұрын

    Well presented and I’m am a new subscriber from New York 👍🏿

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