Philips into two main divisions: Philips Consumer health and well-being (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care) and Philips Professional Healthcare (formerly Philips Medical Systems). The lighting division was spun off as a separate company, Signify N.V. (formerly Philips Lighting prior to 2018). The company started making electric shavers in 1939 under the Philishave brand, and post-war they developed the Compact Cassette format and co-developed the Compact Disc format with Sony, as well as numerous other technologies. As of 2012, Philips was the largest manufacturer of lighting in the world as measured by applicable revenues. Philips has
Philips Records the Philips Recording Center in Baarn, Netherlands, and formed Polyhymnia International (a recording and mastering company) and Pentatone Records (which specializes in SACD releases). Many of the Philips classical recordings have been reissued on the Eloquence label. Universal also released a "Philips 50" series marking the 50th anniversary of Philips Records in the early 2000s; some of those CDs are still in print. Pentatone has released Philips Quadraphonic sound recordings from the early and mid-1970s in 4-channel SACD format, as their RQR Series. Philips' classical catalog was issued on CD under the headings "Digital Classics", "Legendary Classics" and "Silver Line