Makers of the Plasmavision and Aviamo lines of flat-panel TVs and monitors, Fujitsu General, will “discontinue participation in the visual display business at the end of March 2008.”
The Japan-based company says it has primarily marketed plasma products in North American and European markets.
“The focus of our marketing was high-end value added products, and our marketing direction was to concentrate on the custom A/V market specializing in advanced A/V systems and high-end custom installations in North America and UK,” says the company in a press release.
“During the past several years, the pricing and profitability of this segment has compressed beyond the point which our company could realize a satisfactory return on investment. We expect that this market situation will continue in the future.”
This comes along when Sony confirmed it would be ceasing production of rear projection TVs because of poor profits from the sets.
As reported on rAVe Europe