Philips Exits the Plasma TV Market   

Wow, what a shocker! After celebrating the 10th anniversary of the 42 inch Plasma that they pioneered, Philips is saying goodbye.  Except for North America and the Aussies, Philips is pulling the proverbial cord on Plasma TV’s…

During a recent press event in Hong Kong, Rudy Provoost, CEO of Philips Consumer Electronics said the company has decided to phase out of the PDP (plasma display panel) TV market and focus on LCD TVs in the future.

Except for North America and Australia, Philips will drop PDP TV sales and it plans to stop PDP TV sales in China later this year, Provoost pointed out.

Source: DigitTimes

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