Another one bites the dust?: LG may be pulling out of the Plasma TV market

February 26, 2009 by  

5-13-08-lg-plasmaWhatever did Plasma do to anyone? Suddenly, many manufacturers seem to be looking to abandon the technology like a sinking ship, and now LG may be looking to join the parade.

After Vizio and Pioneer both leaving the Plasma marketplace, now LG has reportedly stated that they are currently considering their own stake in the Plasma HDTV industry, and are now pondering ending their own production of Plasmas.

Should LG decide to pull out (many rumors around the web say it will happen, more than likely), that will leave just Panasonic and Hitachi as current producers of Plasma TVs. LG’s stance: the profitability of those TV’s is deteriorating rapidly, and due to the way the TV’s are produced, cost savings wouldn’t be possible without sacrificing quality.

The choices of Plasma TV makers going from 5 to only 2 in less than 2 months? Who woulda’ thunk it? Certainly not us. The days for the technology in general may be numbered, it appears.

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  1. [...] repeat: this applies only to the UK, since the statement we reported yesterday was pretty definite sounding in tone and came from the main VP of LG himself, Lee [...]