The Demise Of PhilipsHow An Electronics Juggernaut Was Toppled

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

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

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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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