LG Officially Stays in the Plasma TV Market

There were a number of reports this morning about LG quitting the Plasma TV business, but when T3 asked LG UK’s George Mead, the official answer is clear: LG has “no intention to withdraw from the Plasma TV market”. Mr. Mead goes further by saying: “we have recently implemented a bespoke strategy to promote and market Plasma TVs here in the UK. The development of new technologies including our THX certification is a strong indication of the growth opportunities for Plasma TVs in the UK market.”

That’s the news of the day at least. An LG Vice President was quoted saying: “if we cannot draw growth strategy, we would make the decision to withdraw within the year”.

Some describe a potential LG withdrawal as “disastrous”… for who or for what? If Plasma is no longer sustainable as a business then, just pull the plug. LCD TVs are really good and large OLED TVs will show up in 2012 says Samsung.

Related: LG XCanvas 60” Plasma HDTV