A camcorder is an electronic device originally combining a video camera and a videocassette recorder. The history of the videocassette recorder follows the history of videotape recording in general. The programming signal originated from either a local video camera or a Betamax videocassette recorder. Philips unveiled the first-ever home VCR, the N1500 videocassette recorder. In 1978 the company expanded its operations into the domestic VCR (videocassette recorder) rental market. It was the first successful consumer-level home videocassette recorder (VCR) system.