LG to exit Plasma TV business?

Written by Andre Yoskowitz @ 26 Feb 2009 8:46 User comments (8)

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.

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8 user comments

127.2.2009 01:50

ROMaster2

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Yay, one more and it'll be a Monopoly! :D

>_>

227.2.2009 05:13

morrell

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what about sony ?

327.2.2009 13:52

Nervax

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No Plasma for Sony!!

427.2.2009 14:19

voyager

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Well,Plasma only...what about LCD tVs?

528.2.2009 10:42

Murpheus1

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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

628.2.2009 13:27

MomoAngel

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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

This message has been edited since its posting. Latest edit was made on 28 Feb 2009 @ 1:27

72.3.2009 18:34

Murpheus1

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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.

817.3.2009 23:31

eggbert52

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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.

This message has been edited since its posting. Latest edit was made on 17 Mar 2009 @ 11:45

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