Philips first created its logo featuring waves and stars in 1926, which was later enclosed in a shield with a circle and word mark in 1930 to create a unique trademark. Philips manufactures over 50,000 products across 100 countries, having been granted over 165,000 patents. In the 1970s and 1980s, Philips faced competition from Japanese electronics companies and had to close less profitable factories. It later rebranded with the slogan "Let's make things better" but realized this did not convey the quality of its products. After consumer research, Philips rebranded as "Sense and Simplicity" to emphasize ease of use over technology. This rebranding has led to 5% growth in Philips'