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LG Quitting on Plasmas: Fact or Fiction?

LG signSuspicion is that rumors are flying about the possibility of LG leaving the market as a plasma producer. LG’s vice-president, Lee Gyu-Hong, has been reported as saying that the future is uncertain for LG in the plasma sector. If LG does pull out of the market, they would be following the recent resignations of Vizio and Pioneer plasma. These changes would leave all the work to only three major manufacturers on the plasma market – Panasonic, Samsung, and Hitachi. Is this a sign of doomsday for the plasma TV or will the lack of competition cause Panasonic, Samsung, and Hitachi to rack up in sales? It seems that manufacturers are pulling away slowly as profitability decreases, going from six major brands to a possible three in the timespan of a few months!

Shortly after this rumor of LG’s withdrawal hit the media, there was a contradictory response from George Mead, Marketing Manager for Digital Displays at LG Electronics UK. He said reportedly that the UK division of LG did not intend to withdraw from the plasma market at all, although there were discussions going on at LG about the major changes going on currently in the plasma market. Other specifics from his conversation seem to support the idea that LG is doing well in the UK, but what about the US market? LG’s recent release of the LGH9000 plasma television, which uses a wireless HDMI connection, leads us to believe that LG, as a company, will persevere. Is it possible that LG would continue to prosper in other markets while withdrawing from the US market, like Phillips did last year?

As a Pioneer dealer and Samsung dealer, Advanced Technology Services wants to continue to support our customers through this time of change in the plasma market. We will continue to offer superior customer service to those who have purchased Pioneer televisions from us. Please comment on our blog below or contact us via our website with any questions, thoughts, or concerns.

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February 28, 2009 Posted by | HDTV, Industry News | , , , , , , , , , , , , , , , , , , | 2 Comments