Unknown Philips

Philips is a multinational company that has been in operation for over a century. Founded in 1891 by Frederik Philips and his son, Gerard, the company began with the goal of providing cost-effective, reliable electric incandescent light bulbs. Over time, Philips expanded into various fields including health technology and consumer electronics. The company has a history of investing in scientific research to drive innovation and has been recognized for its contributions to post-war recovery. Philips focuses on creating accessible technologies for consumers and strives to improve the lives of 2.5 billion people per year by 2030 through meaningful innovation in the health and well-being sector.

Biography:  https://www.philips.com/a-w/about/our-history.html

10%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a poor reputation for journalistic standards and is not considered a reliable news source.

Bias

0%

Examples:

No current examples available.

Conflicts of Interest

0%

Examples:

No current examples available.

Contradictions

15%

Examples:

  • CEO Roy Jakobs expressed confidence in the performance improvement plan for 2024 despite challenges from Respironics recall and litigation
  • Income from operations was EUR -824 million, including a provision of EUR 982 million for Respironics litigation settlement

Deceptions

0%

Examples:

No current examples available.

Recent Articles

Philips Agrees to $1.1 Billion Settlement Over Cancer Risks in Recalled Sleep Apnea Devices

Philips Agrees to $1.1 Billion Settlement Over Cancer Risks in Recalled Sleep Apnea Devices

Broke On: Monday, 29 April 2024 Philips, a Dutch medical devices company, reached a $1.1 billion settlement in the US to resolve personal injury lawsuits related to its recalled sleep apnea devices made by subsidiary Philips Respironics due to cancer risk concerns. The settlement covers payments expected in 2025 and is funded through cash flow generation, with insurers contributing €540 million for claims. Despite losses of €1.3 billion in 2023-Q1 2024 on sales of €4.1 billion, Philips shares surged following the announcement.