CD player also developed by both Sony and Philips. Recordable CDs were a new alternative to tape for recording music and copying music albums without defects introduced in compression used in other digital recording methods. Other newer video formats such as DVD and Blu-ray use the same physical geometry as CD, and most DVD and Blu-ray players are backward compatible with audio CD. By the early 2000s, the CD player had largely replaced the audio cassette player as standard equipment in new automobiles, with 2010 being the final model year for any car in the US to have a factory-equipped cassette player.
Philips Consumer Lifestyle Philips Consumer Lifestyle Philips Consumer Lifestyle, (stylized as PHILIPS) is a division of the Dutch multinational electronics company Philips which produces consumer electronics and small appliances. It is the only Philips division headquartered in Amsterdam, the Netherlands. The Americas division is headquartered in Stamford, Connecticut. Philips Consumer Lifestyle was formed in 2008 from the merger of Philips Consumer Electronics and Philips Domestic Appliances and Personal Care. Philips receives royalties from the sale of every CD, DVD and Blu-ray. While Philips' first product was manufactured in 1891, the first product that would fit in the Consumer Electronics division was a television,