Jos Swillens, 3D Solutions CEO at Philips, has sent out a letter to their resellers announcing that Philips is shutting down the 3D Solutions division, and will no longer be shipping the 42-inch 3D LCD Television (42-3D6W02).

“Unfortunately, the current market developments no longer justify such a pro-active approach,” says Swillens, “The point in time where mass adoption of no-glasses based 3D TV will occur has shifted significantly. As a consequence of this, Philips has decided to scale down its investments in this area.”

via Philips Shuts Down 3D Solutions Division – Expreview.com.