Samsung to end production of plasma screen TVs


July 8, 2014 | By RetailME Bureau

Television set makers Panasonic and Samsung have announced a halt in production of plasma display panel (PDP) TVs. The transition in the TV market from plasma to next-generation LCD or OLED TVs has gained steam since Japanese TV maker Panasonic announced its exit from the PDP business last October. Industry watchers officially declared the end of the plasma TV era when Samsung said it would follow suit at the end of June.

Samsung SDI, a Korean battery and PDP maker, said this month that it had decided to pull the plug on the PDP division in November this year. Instead, it will focus more on the promising battery and materials businesses. The announcement caused a ripple effect throughout the global TV industry.

Clover Hitech and Phoenix Materials, Samsung SDI’s suppliers for PDP, saw their stock prices drop by 5.36% and 9.92%, respectively, a day after the announcement of the end of supply deals with the battery business arm of Samsung Group end June.

Deals with Samsung SDI accounted for 26% of Phoenix Materials’ annual revenue of $580 billion won last year.

Samsung plasma TVs will still be sold in the market for a while as Samsung Electronics, a consumer electronics business arm of Samsung Group, said it would continue its PDP TV business until the end of this year due to changes in market demands. Many industry reports indicate, however, the plasma TV era is surely coming to close.

The volume of shipment of PDP TVs will decrease from 54 million this year to 18 million next year, according to DisplaySearch, a leading display market research institute.

A recent report released by market research firm IHS showed that the number of PDP TVs shipped during the first quarter stood at 2 million, down 16 percent from the same period last year. On the other hand, shipment for LCD TVs stood at 47.4 million units in the first three months this year.

Reflecting the changing demand for TVs, other major TV makers, such as LG Electronics, are expected to soon stop producing PDP TVs as well. LG will turn its eyes to the growing OLED TV business.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau




Download Images RetailME Magazine