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
CD player 1983 Philips, at the US and European launch of the CD format, showcased the first top loading CD tray designs with their CD100 CD player. (Philips audio products were sold as Magnavox in the US at the time.) The design had a clamp on the lid which meant the user had to close this over the CD when it was placed inside the machine. Later, Meridian introduced their MCD "high end" CD player, with Meridian electronics in the Philips CD100 chassis. Top-loading was adopted on various equipment designs such as mini systems and portable CD players, but among stereo component