This hardly comes as a surprise after Panasonic and Samsung made similar decisions, but LG has confirmed to Korean media that the company will get out of the plasma TV business in the near future.
LG is getting out, too
Panasonic produced its last plasma TV late last year and Samsung will cease production of plasma TVs by end-November.
Demand for plasma TVs has been waning as LCD TVs have become cheaper, better and thinner. DisplaySearch previously estimated that only 5 million plasma TVs will be sold in 2015, down from over 10 million in 2013. LG’s exit will most likely change that outlook.
LG is the last of the big-name brands to pull the plug on plasma TVs. That leaves China’s Changhong as the last plasma panel maker in the local market of China.
- ”We are internally conducting a study on when we should suspend the PDP business,” said Ha Hyun-hwoi from LG's home entertainment division to Yonhap News. "We will make an official announcement on the issue in the future.”
LG will continue to produce LCD panels and is aggressively ramping up production of OLED panels as the next big display technology.