Mitsubishi says sayonara to the front-projection product and large-format LCD display market, shutting down operations to focus solely on the profitable display wall market, bringing about the end of the Mitsubishi presence in consumer displays.
How come? Growing losses and declining sales, of course.
The exit is worldwide, and will take place once the company sells off all remaining TV, monitor and projector inventory. The only display products Mitsubishi will continue making include rear-projection cubes, LCD flat panel display walls and printer imaging products.