As reported by Display Daily, executives in Philips corporate offices have decided to stop operations at Philips 3D Solutions, an incubator business it has been funding for some time.
CEO Jos Swillens declared "Philips has been marketing its leading no-glasses based 3D technologies through a pro-active approach for a long time, because it believes that over time, no-glasses based 3D TVs will bring the ultimate 3D experience to the home. Unfortunately, the current market developments no longer justify such a pro-active approach. As a consequence of this, Philips has decided to scale down its investments in this area. In practice, this means that the 3D Solutions venture will be discontinued".
However, since the 3D Solutions group was not part of Philips Consumer Lifestyle group, which is responsible for consumer TVs, this group is still free to evaluate 3D technologies for use by Philips.