First Panasonic and now Samsung. Samsung confirms that they will cease production of plasma TVs by end-November. LG is said to also end production in the near future.
No more plasma TVs from Samsung
This was expected. Earlier this year, Samsung told us that they were planning to release a couple of new plasma TVs in 2014, but no new high-end models. After Panasonic’s exit, it was clear that Samsung had no long-term plans for plasma TVs.
Samsung has now confirmed in a regulatory filing that the last plasma TV will be produced this November. Samsung has decided to pull out now because of “falling demand for plasma TVs”.
- "While reusable facilities and parts from the PDP production lines will be utilized for the battery business, others will be sold to other firms for cash," said Lee Seung-jun, a communications official from Samsung SDI.
That leaves LG as the only plasma TV maker, but LG already stopped producing high-end plasma TVs a few years ago. Industry watchers say that LG will also discontinue its plasma business in the near future.