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LG Electronics expected to pull the plug on plasma TV business

LG Electronics is expected to close its plasma TV business, as the industry continues to push towards LCD
By: Michael Hatamoto | Displays & Projectors News | Posted: Oct 28, 2014 9:20 pm

It's no surprise that the plasma TV industry is dying out, and it appears LG Electronics is the latest company ready to abandon ship. LG will pull the plug on plasma TVs by the end of November, which tallied just 2.4 percent of its annual revenue in 2013.




"We wanted to keep it going as long as we could," said Ken Hong, LG spokesman, when speaking to Reuters. "No matter how much we try to keep it going it's just not a business anymore."


Plasma TVs couldn't keep up with increasing resolutions supported by LCDs, along with generating significantly more heat than newer technologies. Samsung will be the only TV manufacturer still supporting plasma TVs once LG ends its business next month - the Korean rival will still make plasma TVs, but that might not be for much longer.


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