Exhibit 23.1


                       CONSENT OF THE INDEPENDENT AUDITORS

To the  Supervisory  Board  and  Board  of  Management  of  Koninklijke  Philips
Electronics N.V.

We consent to the incorporation by reference in this  registration  statement on
Form S-8 of our report  dated  February 5, 2002,  relating  to the  consolidated
balance sheets of Koninklijke  Philips  Electronics  N.V. and subsidiaries as of
December 31, 2001 and 2000,  and the  consolidated  statements  of income,  cash
flows and  stockholders'  equity for each of the years in the three-year  period
ended December 31, 2001, included in the December 31, 2001 annual report on Form
20-F of Koninklijke Philips Electronics N.V.

/s/ KPMG Accountants N.V.

Eindhoven, The Netherlands
May 8, 2002.