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Panasonic Exiting Plasma TV Market

Updated on December 26, 2013

Today, I just wanted to point out some not so recent news from Panasonic. it’s a sad day for all the TV enthusiasts out there. Panasonic has announced that it plans to leave the plasma TV market next year in 2014. Their reasons for leaving the market may have been to due their reported loss of $913 million dollar in 2013. Despite a plasma TV’s superb visual quality and darker black levels, and better viewing angles, it’s been losing in profit to the LED and LCD markets.

Samsung KN55S9C Curved OLED TV
Samsung KN55S9C Curved OLED TV

Another major reason could be the oncoming of the OLED TV’s. These OLED TV’s are poised to take over the market by providing superior visual quality in color and dark levels. However, it may take time for it do so because of its high average price point. The Samsung KN55S9C Curved OLED TV pictured above has a $9,000 retail price, is that price point worth it for the picture quality? Video enthusiasts, how do you feel about this?

You can view Panasonic’s official announcement here in this link:

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