LG to exit Plasma TV business? free download

LG to exit Plasma TV business?

According to company vice president Lee Gyu-hong, LG may be the next manufacturer to leave the plasma TV market, citing the global recession as the main reason.

Gyu-hong added that a prolonged recession would make plasma manufacturing unprofitable for the company, and that he expects LG’s official decision to exit the market to come before the end of the year.

Just two weeks ago, both Pioneer and Vizio announced that they would be leaving the plasma business, with Pioneer completely leaving the TV business.

With Vizio, Pioneer, and now LG bowing out, only two major manufacturers remain in the plasma business: Panasonic, and Samsung.

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