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Mitsubishi Says Bye-Bye to LCD TVs

Discussion in 'Off-Topic Discussion' started by Rickaren, Mar 21, 2011.

  1. Rickaren

    Rickaren New Member Staff Member

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    Mitsubishi Says Bye-Bye to LCD TVs


    Washington, D.C. (March 20, 2011) -- Mitsubishi has announced that it's exiting the LCD business to concentrate on large-screen televisions.

    The company had been struggling to compete in the LCD category, falling behind such companies as Vizio, Samsung, Sony, Toshiba and LG in sales of the flat-screen set. However, Mitsubishi is one of the few TV makers to offer microdisplay rear and front-projection sets larger than 73 inches.

    By dropping LCD production, Mitsubishi can focus on strengthening its niche in the big-screen TV category.

    "The goal is to reclaim our position as the 'large screen' company," a Mitsubishi spokesperson said in a statement. "To that end, on the Audio Visual side of our business, we will manufacture and sell micro-display projection televisions and Laservue televisions in sizes 73 inches and above. On the Professional Visual Systems side, the company will concentrate on projector sales, display wall, printers and large public display screens."

    Mitsubishi said is will also reduce its workforce, closing two offices.

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