Today, Philips, the innovator behind Compact Cassette technology, celebrates the cassette’s golden anniversary.
The Cassette Celebrates Its Golden Anniversary (Photo: Business Wire)As a company rooted in continuing our commitment to meaningful innovation, few inventions have been as culturally meaningful in the last 50 years as the compact cassette. It provided a portable and inexpensive way to capture moments in time and ultimately, helped shape the music industry, popular culture, politics, and the way we live today. For more information, including the history of the cassette, it’s impact on popular culture, archived photos and advertisements, visit www.cassette50.com About Royal Philips: Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2012 sales of EUR 24.8 billion and employs approximately 116,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter .