Times are tough for home-theater display makers. The latest casualty is Mitsubishi, which has decided to exit the front-projector and LCD TV business. Apparently, the company has been suffering significant losses for several years, a situation that obviously can't be sustained in the long term.
Mitsubishi will sell what's left in current inventory, and it will continue to provide service and honor all existing warranties, which can run up to three years. But after the last projectors and LCD TVs are sold, the company will be out of the consumer-oriented home-entertainment display business entirely, leaving it to concentrate on LCD data walls for commercial applications.
As you might recall, Mitsubishi was the last company to offer rear-projection TVs before finally throwing in the towel, so I might have expected it to hang in there with projectors and LCD TVs. But no one can swim against a tide of red ink and survive, so it makes business sense to cut bait and concentrate on the profitable parts of the company.
I was never impressed with the company's LCD TVs—except for the Unisen integrated sound-beaming audio system, which was pretty cool—but Mitsubishi's projectors often offered features and performance beyond their price, and I found a lot to like in the ones I've reviewed. Do you have one? If so, what do you think of its performance? Would you have bought another one?