Report: Panasonic Winding Down Plasma Display Business

March 18, 2013 by Dave Haynes

Japan’s Nikkei newspaper is reporting today that Panasonic may pull out of the plasma television business as part of downsizing efforts.

Revenues from Panasonic’s TV business is projected to have dropped by more than half by 2015/2016. Panasonic planned to end plasma TV panel production at its main plant next year, reports Nikkei (via Reuters), adding that the company had already written off the value of production equipment there.

Panasonic has already halted new development of plasma TVs, and decided that handling both plasma and LCD models would be inefficient, the newspaper says.