Electronics manufacturer Samsung is the latest television maker to throw in the towel on the plasma market, announcing that production will end on November 30.
Following the shift away from plasma, the Korean company will focus on 4K ultra-HDTVs and newer technologies – demand for plasma TVs has waned in recent years.
Plasma TVs had large screen sizes and garnered consumer interest, but began to struggle around 2006, when slimmer, better quality LED and LCD screens started to take over.
Here is what Samsung noted in a statement:
“We plan to continue our PDP TV business until the end of this year, due to changes in market demands. We remain committed to providing consumer with products that meet their needs, and will increase our focus on growth opportunities in UHD TVs and Curved TVs.”
Panasonic also bowed out of the plasma TV market, as manufacturers strive to focus on emerging technologies. The only large company still developing plasma TVs is LG Electronics, giving consumers a trusted manufacturer to purchase plasmas from in the future.
For consumers interested in purchasing a plasma TV, there could be a growing number of clearance prices from retailers.
Thank you to CNET for providing us with this information
Image courtesy of Samsung
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