In 1891 Anton and Gerard Philips established Philips & Co. in Eindhoven, the Netherlands
The company begun manufacturing carbon-filament lamps
By 1910, with 2,000 employees, Philips was the largest single employer in The Netherlands
In 1918, Philips introduced a medical X-ray tube.
In 1925, Philips became involved in the first experiments in television and, in 1927, began producing radios. By 1932, Philips had sold one million of them
By 1939, when it launched the first Philips electric shaver, the company employed 45,000 people worldwide.
From the early 1940s, Philco was legally able to prevent Philips from using the name "Philips" on any products marketed in the USA, because the two names were judged to sound similar. As a result, Philips instead used the name Norelco, an acronym for "North American Philips [electrical] Company."
Philips continued to use that name for all their US products until 1974, when Philips purchased The Magnavox Company. Philips then relabeled their US consumer electronics products to the Magnavox name, but retained the Norelco name for their other US products.
When Philips bought Philco in 1981, Philips was able to freely use the Philips name for all of their US products, but they chose to retain the Norelco name for personal care appliances, and the Magnavox name for economy-priced consumer electronics.
Other milestones: In 1963, Philips introduced the Compact Audio Cassette.
In 1965, it produced its first integrated circuits.
In 1972, the company co-founded PolyGram (Philips 60% and Siemens 40%), the enormously successful music recording label.
In 1974, it acquired Magnavox and in 1975, Signetic,both in the United States.
In 1983 Philips came with a technological landmark: the launch of the Compact Disc.
There was no mention of the production of reel tape recorders in the on line Philips history summaries.
Philip reels tape recorders in the Reel2ReelTeas.com vintage recording collection
1936 Philips/Miller optical recorder more information
Philips ads in the Reel2ReelTexas vintage recording collection
Philips reel tape recorder photos contributed by others
Philips EL6911 Echotapper
More information at this link