Stock Spotlight: Philips healthcare pivot struggles to pay off

'Beaten up' since 2021

Elliot Gulliver-Needham
clock • 4 min read

Philips, previously a market leader in electronics, has struggled to make its way in the healthcare sector, as it begins to focus on technologies such as MRI machines over TVs.

Since making massive leaps such as the invention of the compact cassette tape and co-developing the CD with Sony, the group has pivoted away from its consumer-facing business. After making big bets on technologies that failed to appeal to consumers, such as its ‘CD-i' interactive disc format in the 1980s, it began selling off various arms of its business, eventually culminating in the sale of its domestic appliances arm in 2021. Stock Spotlight: Oxford Nanopore to 'soar to heady heights' despite 'discount to US counterparts' Javier Correonero, equity analyst at Morningstar, arg...

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