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 its classical artists, although classical recordings have also been issued on the regular Philips label. In the US, Philips eventually handled distribution and sales for Philips, Mercury, British Decca (sold under the London label in the US) and Deutsche Grammophon. In 1983, Philips became the first record label to issue compact discs, using digital recordings that had been recorded since 1978. Philips and its subsidiaries eventually re-issued many of its pre-digital stereo and mono recordings on compact disc. Philips and DuPont partnered in four CD manufacturing plants in Hanover, Germany; Blackburn in the UK (formerly the Philips Laservision Disc factory);