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Tokyo, Dec. 28

Japan’s Fujitsu group said it will end production of plasma televisions, a technology which it was the first in the world to introduce commercially, due to lack of profitability. Plasma televisions sales have been falling behind those for liquid crystal display, a rival high-definition technology. Fujitsu General Ltd, a subsidiary of Fujitsu Ltd, has already stopped most production of plasma televisions. It currently produces only high-end models sold primarily at US and British boutique electronic stores. “During the past several years, the pricing and profitability of this segment has compressed beyond the point which our company could realise a satisfactory return on investment,” Fujitsu General said in a statement on Thursday. It said it would get out of the business by March and focus on the Fujitsu unit’s cores business of heating and ventilation equipment. —

Dow Jones

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