Menu
LG playing waiting game for plasma TV exit

LG playing waiting game for plasma TV exit

Company focuses on OLED amid plasma demand decline

LG is waiting for the right time to exit the plasma TV business, a move that would leave almost no major companies making the flat-screens.

The company is in a "wait and see mode" about possibly ending production of plasma TVs, according to a spokesman.

"Weve known for a long time that demand for plasma units was declining," the LG spokesman wrote in an email. "When demand falls to a point where its no longer a viable business is where were trying to determine."

LG announced earlier this week the world's first 4K OLED TV.

South Korean news reports about the announcement of the 65-inch OLED TV with 3840 x 2160-pixel display said an LG official indicated the company would make an official statement on suspending plasma display panel TVs in the near future.

LG would be the latest manufacturer to quit plasma. To the disappointment of videophiles, Panasonic announced in 2013 it would end plasma panel research, ending production this year. The company was the largest maker in the field at one time.

Meanwhile, despite suggestions at CES 2014 that it was committed to plasma, Samsung said last month it will end production of plasma TVs in November.

LCD TV sets have come to dominate TV sales. They account for over 90 percent of global TV shipments, while shipments of plasma and CRT TVs are forecast to fall by 48 and 50 percent, respectively in 2014, according to data from NPD DisplaySearch.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags consumer electronicsLG ElectronicsTVs

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments