Mitsubishi Electric announced on September 20 that it will quit production of LCD panels for PCs by 2008, instead choosing to focus on small-sized panels, with particular emphasis on industrial equipment applications. Currently, the company mainly produces 15-inch LCD panels for use in its own PCs with a smaller part of production going to retailers and other companies. In the fiscal year 2004 LCD panels for PCs accounted for approximately 15% of its total LCD panel sales, and this figure is expected to drop to 10% in the first half of the fiscal year 2005. Other companies, such as Hitachi and Toshiba, are also scaling back production of LCD panels for PCs.