LG to cut plasma TV production

LG Smart TV

LG will end plasma TV production by the end of November to concentrate on OLED and liquid crystal displays, according to a Reuters report that cites a regulatory filing by the firm. 

LG reportedly attributed the decision to a decline in demand for plasma TVs, with the move widely expected by industry watchers.

Launching its first next-generation curved OLED TV in the US in August, LG Electronics USA’s head of marketing, Dave Vanderwaal, said: “OLED TV represents a major breakthrough in display technology. And in the wake of plasma’s decline, it’s more important than ever to bring OLED to consumers who are looking for the highest level of contrast and color performance.”