News broke yesterday that LG was investigating quitting the plasma biz, but now George Mead, the Marketing Manager for Digital Displays at LG Electronics UK, is denying these claims. He told T3 that “LG Electronics UK has no intention to withdraw from the Plasma TV market.” Oh, see what he did there? LG Electronics UK. Nice, but what ’bout us Americans?
Mead [probably] isn’t talking about the entire company here. There is a possibility that LG will only pull plasma out of certain markets where the display type is no longer profitable. Pioneer offered LCDs in Europe well before they were going to be available in the US. Philips pulled out of the US display market entirely last year so the move wouldn’t be unprecedented. Maybe plasma isn’t laying on its deathbed.