LG to Exit Plasma TV Market?

lg_gyu_hong_leeThe president of LG Electronics Japan, Gyu-hong Lee, stated in an interview with Kyodo News that the company might be exiting the plasma TV market. Market research companies have pointed to unit sales growth for plasma TVs in 2009 over 2008 but in relative terms growth will pale in comparison to LCD TVs.

Pioneer has completely exited the display market even with industry-leading technology such as its KURO PDP (Plasma Display Panel) that had the deepest black levels in the industry. Vizio is also focusing only on LCD TVs.

It isn’t surprising that another major supplier of plasma TVs might be on the verge of getting out. Who is next? Definitely not Panasonic. Samsung?

Source: 47News (English translation) via Crunchgear via Gizmodo

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