Philips pretty much doesn't exist anymore, they have sold off most of their divisions one by one. For example, a Philips monitor is now actually produced by TP

Philips pretty much doesn't exist anymore, they have sold off most of their divisions one by one. For example, a Philips monitor is now actually produced by TPV / MMD, who have an exclusive right to sell Philips-branded monitors. It's the same company making AOC and Envision. They used to be a pretty good company, though! Its spinoffs are highly successful (NXP Semiconductors, Nexperia, ASML, parts of Thales, parts of Atos Origin), and it did create a boatload of innovations like the CD.