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Billion $ net worth company creating kickstarter...
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this post was submitted on 13 Jul 2023
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Mildly Infuriating
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The company Philips is a very different beast from what it was. Almost all Philips products you know are produced by other companies who pay a licensing fee to Philips to slap the name on it. Philips itself is a shell of its former self and is focused on medical equipment. It's tragic actually, especially since ASML is a direct offspring of Philips. It should be a trillion dollar company but bad management and strategic shortsightedness have ruined it.