LG is not pulling out of the plasma TV market, despite hints to that effect from LG top brass last week. In fact, LG now says it is looking to increase its plasma market share. Looks like it’s not the death of plasma TV after all – details after the break!
LG has denied reports it would be pulling out of the plasma TV market if the economy didn’t improve anytime soon, stressing that it’s even planning on upping its plasma presence.
“The demand for plasma TVs is still growing. Based on this, we have set a goal to sell 3 million plasma TVs in 2009, giving us 19 percent of the total plasma TV market. We will focus primarily on plasma TVs 50 inches and larger, where demand is highest,” said an LG spokesperson.
Phew. We were more than a little worried that LG’s plasma TV range was going the same way as Pioneer‘s so this is great news for HDTV fans. We’ll keep you posted on any new LG plasma TV models as and when we spot ‘em.
Out TBC | £TBC | LG
