my information might be out of date yeah! I've just skimmed their wikipedia which hasn't helped clear things up! Seems they did have difficulties around 2011 - "After two decades in decline, Philips went through a major restructuring, shifting its focus from electronics to healthcare."

Then, "On 29 January 2013, it was announced that Philips had agreed to sell its audio and video operations to the Japan-based Funai Electric for €150 million [..] Funai was to pay a regular licensing fee to Philips for the use of the Philips brand.[59] The purchase agreement was terminated by Philips in October because of breach of contract[61] and the consumer electronics operations remained under Philips"

It's a long wiki article with a hell of a lot of transfers and acquisitions, and it's not clear how up to date some sections are. So I'm not sure what the current situation is.