Philco, short for Philadelphia Storage Battery Company, was founded in 1892 and became known for its innovative products in the electronics industry. Initially focused on batteries, the company expanded into radio manufacturing in the 1920s, becoming a leading brand in home entertainment. In the 1930s, Philco introduced the first commercially successful radio-phonograph combination, which helped solidify its reputation. The company later ventured into television and appliances, contributing to the development of consumer electronics. Philco was acquired by Ford Motor Company in 1961, further diversifying its product offerings.