Mitsubishi plans to end the manufacturing of rear-projection television sets, the last major player to leave the dwindling business, according to a report.
Often clunky, rear-projection television set manufacture began to dwindle after flat-panel LCD displays took over the consumer market, and Mitsubishi currently retains a virtual monopoly in the market after other technology firms exited the digital light processing (DLP) screen market. When rival firms -- including Sony and Samsung -- vanished, Mitsubishi continued to release new DLP sets, but seems to have finally thrown in the towel.
According to a company memo obtained by consumer electronics industry site CE Pro, Mitsubishi Electrical Visual Solutions America Junichi Nose has sent letters to various service centers informing them the electronics firm is "discontinuing the manufacture of 73", 82" and 92" DLP projection televisions."
Max Wasinger, one of Mitsubishi's video products executives, told the CE Pro: "We are in the midst of an orderly exit from the DLP TV business," and Mitsubishi will now focus on the business-to-business market through projectors, printers and monitors, as well as home-theater projector technology.
Other technology and electronics firms abandoned the sinking rear-projection television ship some years ago. Sony and Samsung released their last models in 2007 and 2008 respectively.
This story originally posted as "Mitsubishi latest to leave dying RPTV market" on ZDNet.