LG is pulling its Plasma TV production line out of service.
Plasma TVs have been the most amazing innovation in entertainment. The buyers could enjoy HD quality picture at their own homes but only if those homes are really expensive. Cause that’s what plasma TVs are.
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The cost for the technology is too much and is easily outsourced by LED TVs in the market. LED is a much cheaper and conveniently available source then Plasma. The companies producing the plasma TVs have mastered the technology beautifully but is it enough?
For the product to sell, you need a market and for the market to work, you need customers. There is a market for plasma TVs for sure but it is not an easily available product. It has become a status symbol among some cultures but the truth is that only those people have a plasma TV that could afford it. Its to expensive and market is falling.
LG recognizes that and realize that it is not a cause worth fighting for so by the end of this November, LG has announced that it will cease to produce any more plasma TVs in the future. Panasonic and Samsung have already announced that they will stop the production for plasma TVs.
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This might be good news for the customers though as the prices of the declining product may decline as well. They could finally buy a plasma TV. Perhaps one of the last to reamin in the market. China’s ‘Changong’ company remains the only company in the Asian market to manufacture plasma TVs. They might use all the extra plasma in the smart phones and launch a new advanced line.