Panasonic officially quits plasma TVs

We (engadget) may compare Panasonic to the character of Michael Myers way too often, but this Halloween the analogy is particularly relevant given news the company is officially killing plasma TV production. Manufacturing of plasma panels will end in December this year, earlier than the most recent rumor suggested, with the last remaining factories going dark in March 2014 at the same time sales efforts will cease. It's a strategic decision to free up resources, the firm claims, citing low demand for plasma and the impact of LCD development as reasons for its exit. "Severe price competition" as a result of the Lehman Brothers collapse way back in 2008 is also blamed, so when you're left wanting the warm glow of new Panasonic plasma next year, you know who to shake an angry fist at.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Aperion Audio - Award Winning Home Audio for less

Aperion Audio - Award Winning Home Audio for less

Aperion is a group of dedicated audio enthusiasts committed to helping you create the sound experience of your life, at a price that won't break the bank. We make award-winning speakers that look as good as they sound and sell them online so you get unbeatable quality for the price. You always get a 60-day in-home audition with FREE SHIPPING. If you don't like your speakers for any reason, send them back and we'll pay the shipping. Really. You get unlimited free support for your entire system and we back up our products with generous 5-and-10-year warranties. Since we've been around for over fifteen years, you're covered.