- Mar 30, 2004
- Reaction score
Tokyo, Japan (4E) – Struggling Japanese consumer electronics company Panasonic said it will scale down its TV business and exit from production of plasma displays.
Suggestions that Panasonic stopped investing in new plasma development some time ago hint that an imminent wind down is indeed on the cards—though an unnamed Panasonic executive also claims production would wind down gradually to preserve customer relations.
Panasonic mulls shutting down its TV plasma panels plant in Amagasaki by fiscal 2014, and had already written off the value of equipment at the facility by fiscal 2011, according to the report released by the company.
A few sources reporting it
I've been very vocal about the writing being in the wall over Plasma TVs but there are still a few things the tech did well. If Plasmas are your thing, get one while you can. I understood that Panasonic made the best out there once Pioneer abandoned the tech.