March 07, 2008 by Rachel Cericola
Last week, the buzz was that Pioneer would stop making 42-inch plasma displays. Well, it appears that they are spreading that initiative out a bit.
Pioneer announced today that they would stop all plasma panel production, in order to make up for company losses. Pioneer has traditionally set its prices higher, which helped the company fall behind others, such as Panasonic and LG.
“We have judged that maintaining the cost competitiveness of plasma display panels, or PDPs, at projected sales volumes will be difficult going forward,” Pioneer said in a statement.
According to CNNMoney.com, Pioneer will still crank out plenty of TVs, except the panels will actually be manufactured by Panasonic. There’s no word on how this will effect Pioneer’s super-thin KURO displays, which were announced in January.
At the end of the fiscal year (March 31), Pioneer is expected to post a $146 million loss.
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Over the past 15 years, Rachel Cericola has covered entertainment, web and technology trends. Check her out at www.rachelcericola.com.
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