Mitsubishi to cease LCD TV production

10/17/2013 | TWICE

Mitsubishi Electric is ending production of its front-projection and large-format LCD televisions in favor of producing its LCD data wall displays. "We have been sustaining significant losses for a number of years now," said James Chan of Mitsubishi Electric Visual Solutions America. "Our CEO back in Japan has a philosophy that we have to make strong businesses stronger and in turn cut off businesses that are not making money at affecting the profitability of the stronger businesses."

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