A recent report from Reuters suggest that Panasonic has decided to end its production of plasma-based TVs for ever. The cancellation comes after Panasonic President, Kazuhiro Tsuga, decided to begin weeding out the weak performers in its operation and focus on the higher-margin products.
The company is trying to plug a $15 billion hole it has had to suffer over the last two years from its TV division, and with new technologies like OLED growing cheaper and more popular by the day, this only makes sense. This is bad news for videophiles around the world though, as Panasonic is one of the last manufacturers of Plasma Displays, leaving LG and Samsung to carry the technology forward.
Plasma display technology might be old, but video enthusiast worldwide prefer it because it produces very deep and rich blacks, and provides a superior contrast ratio. Unfortunately the tradeoff is that the panels are expensive to produce, consume lots of energy, and generate massive amounts of heat. They are also much heavier than their LCD counterparts and as such, have fallen out of favor with the mainstream consumer.