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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