Anton & Gerard Philips started Philips & Co. in 1891 and introduced technological innovations. Philips rebranded itself with the mantra of "sense and simplicity" which targets well-educated, affluent decision makers aged 35-55 who value simplicity and efficiency. However, the tagline risks being ambiguous and potentially alienating younger, tech-savvy customers. Japanese manufacturers also posed a risk by flooding markets with inexpensive electronics.