Can you explain more? I also sense the Philips is a fading giant, but I struggle to a put a finger on it. Part of it might be that it is constantly spinning out divisions into separate companies.
They don’t just spin out divisions, they keep spinning out innovative and revenue generating divisions, leaving Philips with no ability to do anything, and with what they’re currently doing: selling the brand for Chinese white-labels to put on their product as they try to move up the chain.
Essentially Philips had spent 30 years selling the bones of the group, leaving just a skin-suit. Which they’re now selling as well.
Essentially Philips had spent 30 years selling the bones of the group, leaving just a skin-suit. Which they’re now selling as well.