Panasonic denies reports it will end plasma production in 2014

9 Oct 2013

Panasonic has denied that it will pull out of the plasma TV panel business by March 2014, as reported by Reuters.

In a statement issued to whathifi.com, Panasonic says:

• The content of the [Reuters] report is not something that was announced by Panasonic.
• The company is looking into a variety of options regarding the strategy for the PDP [plasma display] business, but nothing has been decided at this stage.
• The company is looking into a variety of options regarding the utilization of the Amagasaki Factory, but nothing has been decided at this stage.

Reuters based its story on "sources familiar with the situation," it says.

MORE: Read our Panasonic TV reviews

There have long been rumours that Japanese TV manufacturer would pull out of the plasma business as it struggles to turn around its loss-making TV division.

Like rivals such as Sony, Toshiba and Sharp, Panasonic has suffered from over-capacity in the TV manufacturing business, a strong yen and the seemingly unstoppable success of Korean companies Samsung and LG.

According to Reuters, Panasonic's TV division was a major contributor to the company's combined £9bn loss in the last two financial years. Its TV business posted an operating loss of £573m in the last financial year.

This year's Panasonic plasmas have been better than ever, with models such as the 42in GT60 receiving glowing five-star reviews.

MORE: Panasonic 2014 TVs

 

by Andy Clough

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Comments

Yes, as we state clearly in today's news story and this blog.

Or, to put it another way, it is definitely stopping plasma production, almost immediately.

'Osaka, Japan – Panasonic Corporation today announced that in order to create a business structure that can respond to changes in the business environment and to accelerate the growth strategy of the company, the company will end the production of plasma display panels (PDP) in December 2013, and stop business operations at the Amagasaki P3 Factory (production currently stopped), the Amagasaki P5 Factory (production currently suspended), and the Amagasaki P4 Factory, which is currently operating, by the end of March 2014."

"Plasma fanboys have to accept that they do not have the definitive TV. They need to ditch their kit.They love to embrace OLED but the cost of the OLED sets are just too much for them to aspire to."

LOL. What patronising nonsense! You have no idea if they have the money or not. For many years plasma TV's have been more expensive than any other type (especially  LCD), and only in the last couple of years the new (and therefore premium £) technology of OLED breaking that trend. Cost didn't stop the plasma 'fanboys' as you call them paying more for a Kuro set than pretty much anybody else had to pay for a TV did it?

Right now and for the next few years a well calibrated top end plasma will not be beaten on overall picture quality (and I'm not interested in the 4k + = guaranteed better picture quality brigade as it does not - picture quality is about far more than resolution).

One day fairly soon plasma will be surpassed. But that day is not today.

 

Panasonic doesn't know what it wants to do with its plasma TV! End of.

On the home front, plasmas is a lost cause and with LED 4k been ramped up in production and sales,1080p plasma has no chance in this new market. Also with 60hz hdmi 2 spec for 4k LED TV,it means super ultra smooth fast action panning which 25hz hdmi 1 cannot compete! I am a gamer and have seen 120hz gaming monitors from Benq and I tell you, the higher the hz the better - same for TV.

On the commerical front maybe plasma could still have a role but still I can't see money been made on that sector alone.

Plasma fanboys have to accept that they do not have the definitive TV. They need to ditch their kit.They love to embrace OLED but the cost of the OLED sets are just too much for them to aspire to.

If you waiting for OLED to come down from their 7k price tag for the 55 inch then do not hold your breath...it isn;t going to happen till Philips,Sony,panasonic are in the mix.

Why Sony is just looking good promoting 4k and is in no hurry to go down the OLED route...4k OLED will be the next evolution after 4k LED.

Makes logistical business sense.

 

 

"As soon as Panasonic pulls the plug on plasma, customers can breathe a sigh of relief!"

Of course, because what we need is the end of production of the last true great AV enthusiasts TV's after Pioneer's Kuro exit a few years back.

Muppet.

IMHO glowing reviews don't necessarily translate into sales. Particularly if customers have had misfortunes with Panasonic plasma TV before eg50hz issues, green blobs, floating blacks or awful UK customer service. Stare

As soon as Panasonic pulls the plug on plasma, customers can breathe a sigh of relief! Big smile