LG considering withdrawal from plasma market

Darren Murph
D. Murph|02.26.09

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Darren Murph
February 26th, 2009
LG considering withdrawal from plasma market

Man, plasma's headed downhill -- and fast. Hot on the heels of both Pioneer and VIZIO tendering their resignation in the plasma market, LG's vice president Lee Gyu-hong has reportedly stated that his company is currently pondering its own future in the sector. Should LG pull out, just Panasonic and Hitachi will be left holding down the PDP fort. Purportedly, LG's plasma business is deteriorating in terms of profitability, and the VP stated that future cost savings were practically impossible. At this point (and after coming clean like this), it'd be sort of crazy for LG not to drop out, but what's even crazier is going from five major plasma makers to two within the course of two months. Yikes.

[Via Whirlpool, thanks Stas]
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