Formerly a subsidiary of Dutch electronics conglomerate Philips, it was sold to Chinese private equity firm Hillhouse Investment in 2021.

[12] Versuni has begun to target India as a key growth market, with the opening of a factory manufacturing air fryers and garment steamers in Ahmedabad in 2024.

[13] In May 2024, Bloomberg reported that Versuni was exploring the possibility of listing their Indian business, which could value it at US$800 million, and that they were in early stages of discussion with investment banks regarding this.

[15] These include: Versuni also sells domestic coffee makers, under the Philips, Gaggia, Saeco, Senseo and L'Or brands.

Philips-branded electric toothbrushes and rotary shavers are not made by Versuni, but continue to be manufactured and sold by Philips itself under its Personal Care division.

Although there were other magnetic tape cartridge systems, the Compact Cassette became dominant as a result of Philips's decision to license the format free of charge.

While not as generally popular as VHS, due to the initial investment costs of players, somewhat higher costs of movie titles, the initial read-only format and early manufacturing issues, it eventually enjoyed extensive success among serious video collectors, like its contemporaneous rival Betamax.

The DVD video format was first introduced in Japan in 1996, later in 1997 in the U.S. as limited test run, then across Europe and the other continents from late 1998 onwards.

Blu-ray Disc, yet again primarily developed by Philips and Sony, utilizes blue-violet coloured diodes to create an even shorter wavelength beam than CD or DVD.