Posted Tue Oct 28, 2014 at 08:30 AM PDT by Steven Cohen
Reports indicate that the Korean electronics manufacturer will suspend its plasma TV line in the coming months.
According to Reuters, LG has revealed an end date for its plasma display business. The company is planning to cease plasma production by the end of November.
Despite offering many picture quality benefits over traditional LCD tech, plasma panels have failed to garner the market share required to stay in the game, and plasma sales only made up about 2.4 percent of LG's 2013 annual revenue. Likewise, cost issues related to manufacturing 4K plasmas have also been a factor in diminishing interest from electronics companies. LG's exit from the business follows similar decisions from Panasonic and Samsung. This will leave China's Changhong Electric Co. as the only major company still producing plasma panels.
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