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Philips begins production of Plasma TV's
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Philips has recently confirmed that they’ll be phasing out the production of plasma TVs.
CEO of Philips Consumer Electronics, Rudy Provoost, said at a recent press event in Hong Kong that, from later this year, new plasma TVs would only be sold in North America and Australia.
Market analysts have said that Philips’ decision could be related to the strong growth of the LCD TV market, and also that, whilst it has a 32.9% stake in LG.Philips LCD, it doesn’t have any plasma plants to support its own-brand plasma TV business.
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