Although not as famous as Philips who also exited the plasma market recently, Japan’s FUNAI Electric recently announced that they too will be exiting the plasma biz and concentrating on the more profitable LCD biz.

Japan-based Funai Electric recently said it is exiting the PDP (plasma display panel) TV market due to sharply-falling ASP (average selling price) and rising competition from vendors such as Panasonic, according to the Japanese- language newspaper Nihon Keizai Shimbun.

Source: Digitimes

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