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LG to exit Plasma TV business?

26 February 2009 20:46 by Andre "DVDBack23" Yoskowitz | 8 comments

According to company vice president Lee Gyu-hong, LG may be the next manufacturer to leave the plasma TV market, citing the global recession as the main reason.

Gyu-hong added that a prolonged recession would make plasma manufacturing unprofitable for the company, and that he expects LG's official decision to exit the market to come before the end of the year.

Just two weeks ago, both Pioneer and Vizio announced that they would be leaving the plasma business, with Pioneer completely leaving the TV business.

With Vizio, Pioneer, and now LG bowing out, only two major manufacturers remain in the plasma business: Panasonic, and Samsung.

Permalink to this article | Topic: HDTV

Vizio now leader in LCD market share (9 May 2009)

Company unveils 103-inch, 1,100-pound plasma TV (20 March 2009)

Vizio moves to second place in HDTV sales (22 February 2009)

Vizio bows out of Plasma TV business (12 February 2009)

Pioneer exiting the TV market (12 February 2009)

Pioneer to completely exit the TV market? (8 February 2009)

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Discuss this article!
ROMaster2 (Newbie) 27 February 2009 1:50
Yay, one more and it'll be a Monopoly! :D >_> [ + quote]
morrell (Newbie) 27 February 2009 5:13
what about sony ? [ + quote]
Nervax (Newbie) 27 February 2009 13:52
No Plasma for Sony!! [ + quote]
voyager (Junior Member) 27 February 2009 14:19
Well,Plasma only...what about LCD tVs? [ + quote]
Murpheus1 (Newbie) 28 February 2009 10:42
Don't ya realise that one day one enterprise will run the whole world.....if its not already happening!! You should watch that movie total recall....paying for air and all that [ + quote]
MomoAngel (Newbie) 28 February 2009 13:27
Now is the time were I think that Plasma will just be done with all together. I mean honestly, LCD out sells Plasma, last I looked 8-1.... I mean the business is horrible and too expensive for a plasma worth buying. I doubt the plasma industry will continue to exist with only two manufacturers. Even though the remaining two are good brands, they might just cut losses and work on the LCD's. It'd be a smarter move by all means. Time will tell I guess. Also, LG didn't make very good plasmas anyways. lol [ + quote] This message has been edited since posting. Last time this message was edited on 28 February 2009 13:27
Murpheus1 (Newbie) 2 March 2009 18:34
*Originally posted by MomoAngel:* Now is the time were I think that Plasma will just be done with all together. I mean honestly, LCD out sells Plasma, last I looked 8-1.... I mean the business is horrible and too expensive for a plasma worth buying. I doubt the plasma industry will continue to exist with only two manufacturers. Even though the remaining two are good brands, they might just cut losses and work on the LCD's. It'd be a smarter move by all means. Time will tell I guess. Also, LG didn't make very good plasmas anyways. lol I dont know, one of my mates has a wopper LG and its a fantastic machine. Its a hawaii 50 incher but if u ask me its too big for a house. But it is extemely sharp picture wise and all. [ + quote]
eggbert52 (Member) 17 March 2009 23:31
*Originally posted by MomoAngel:* Now is the time were I think that Plasma will just be done with all together. I mean honestly, LCD out sells Plasma, last I looked 8-1.... I mean the business is horrible and too expensive for a plasma worth buying. I doubt the plasma industry will continue to exist with only two manufacturers. Even though the remaining two are good brands, they might just cut losses and work on the LCD's. It'd be a smarter move by all means. Time will tell I guess. Also, LG didn't make very good plasmas anyways. lol With all due respect, have you spent any time with an LG or Panny plasma? Seriously, the only reason LCD's are leading 8-1 is due to the burn in scare which is an effective tool for the LCD industry. As far as picture goes, sports, and movies...it's not even close...Plasma blows LCD away. [ + quote] This message has been edited since posting. Last time this message was edited on 17 March 2009 23:45