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Workers in the division will be reassigned

In previous years, plasma technology was very popular with consumers that demanded large-screen televisions. However, as LCD technology became cheaper and image quality improved, the demand for plasma TVs has dwindled dramatically.

A rumor surfaced in March of this year that Panasonic would be exiting the plasma television market. That exit has now been confirmed according to sources that claim to be familiar with the company’s plans. The sources claim that Panasonic will leave the plasma television panel market by the end of March 2014.

Panasonic has continued to eliminate areas of its business that have performed poorly (as witnessed by its recent exit from the consumer smartphone market). Plasma televisions accounted for less than 6% of global shipments in 2012 compared to 87% for LCD TVs.

Sony, Panasonic, and Sharp combined for less than 20% of the worldwide flat-panel TV market by revenue. Samsung has 27.7% of the overall market while LG has 15%.

Reuters’ sources also tipped that the several hundred workers that are currently employed at Panasonic in the plasma television operation will be moved to other divisions within the company. 

Source: Reuters

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RE: Too bad
By FITCamaro on 10/10/2013 11:50:48 AM , Rating: 2
Yeah my 3 year old plasma sometimes has a little bit of image retention that goes away once I use it for something else. But after 3 years of playing games and watching TV, no issues with true burn in. I do try to make sure I don't leave anything paused for long periods of time though. If I might need to, I turn off the TV.

RE: Too bad
By superstition on 10/10/2013 11:00:53 PM , Rating: 2
Perhaps my model is unusual, then. I've had it since 2008 and I can't use it connected to a computer because it gets IR right away, even when the brightness is set to 0. Fortunately, the IR doesn't last long, but it makes it useless as a computer monitor or game console display device. Fortunately, also, I don't need to use it for either of those things because I have a 27" BenQ A-MVA monitor that suffices in my living room. It would be nice to have the larger screen size, but it's not that important.

I don't get IR from TV content.

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