Posted Thu Oct 10, 2013 at 11:00 AM PDT by Steven Cohen
More reports have surfaced reinforcing earlier rumors that the television manufacturer is planning to close up shop on its line of plasma displays.
Rumors have been swirling for quite some time that Panasonic was considering ending production of its plasma televisions, and new reports indicate that the company is now going through with those plans. According to Reuters, sources close to the situation have stated that Panasonic will indeed abandon plasma production by the end of March 2014.
Though they offer many benefits over other display technologies, plasmas have failed to sell as well as competing LCD televisions, and Panasonic has been suffering heavy financial losses due to this lackluster business. According to research firm DisplaySearch, plasmas only made up about 6 percent of 2012 global TV shipments, while LCDs accounted for 87 percent.
Despite the company's alleged plans to cease plasma production and development, its current line of VIERA plasmas is still readily available and they remain some of the most impressive consumer displays on the market. The highly rated TC-P50ST60 is currently on sale for under $1,000 on Amazon.
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