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Panasonic might give up on Plasma TVs

Reports are circulating that TV maker Panasonic has halted the development of plasma TVs and is considering exiting the market altogether. Panasonic wouldn't be the first major TV manufacturer to exit the sagging plasma TV market, as Vizio threw in the towel on the segment back in 2009.
The move is part of Panasonic's plan to turn around its ailing TV business.  For its part, a Panasonic representative was more nebulous about the company’s intentions, stating, "We are considering a number of options regarding our TV business. But nothing has been decided yet.”

Panasonic announced in November of 2012 that it has plans to shed 10,000 workers by the end of March 2013. And last summer, Panasonic announced that it was teaming up with Sony to share costs and to collaborate on the production of next-generation OLED panels for TVs and other large displays. Many see OLED as the next big sreen technology in the TV industry. 

Source: Yahoo! News

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RE: surprising
By SublimeSimplicity on 3/18/2013 10:59:54 AM , Rating: 3
I agree, just got a GT50 plasma. Panasonic is heavy into OLED, which will eventually eclipse plasma's in display quality. Problem is, it'll be tough to sell $4k+ OLEDs with very close to equal quality plasma's in the lineup for under 1/2 the price.

RE: surprising
By Pneumothorax on 3/18/2013 12:19:50 PM , Rating: 2
Was able to get a 65 inch VT50 for $2400. You cannot find a lcd tv that can beat the quality of this set. Just to come close to matching it, you're going to have to spend over 2x as much on a Sharp elite. It'll be a sad day if panasonic stops making plasmas as Samsung/LG plasmas don't come close in quality.

"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation

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