Samsung To Quit Plasma TV Business

It seems that Samsung too, will be joining the like of Panasonic in quitting the plasma TV business, where the latter announced last year that they would quit the plasma TV market in March this year. Despite rolling out monsters like this 150″ Panasonic plasma TV in the past, Panasonic did not fare too well. Samsung’s reason for getting themselves out of this particular situation? The plasma panel production business is no longer viable, no thanks to the overall decline in the plasma display panel TV market.

Instead, Samsung SDI will change their focus on expanding both of its energy and materials businesses. The company has targeted a November 30 dateline when it comes to the complete cessation of the plasma TV business. I suppose this would mean that plasma TVs from Samsung would be a whole lot cheaper now, but is it wise to actually make a purchase at the moment considering how there might be issues with support some time down the road?

In a game of the last man standing, LG of South Korea will be the remaining player in the plasma TV market, and it remains to be seen whether they too, will call it a day eventually. What are your thoughts on this – will there be an opportunity for plasma display panels to make a comeback in a different form down the road?

Edwin Kee
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Tags: plasma tv, Samsung