10/29/2005

LG Abandons Tube TVs In Europe

Filed under: — By Aviran Mordo @ 6:25 am

LG Electronics, South Korean maker of products from fridges to cell phones, said on Friday it had almost completely stopped selling tube TVs in the European market as it bets the future on thin televisions.

The firm is currently selling its remaining stock. In the future, it will restrict itself to the top end of the market for cathode ray tube (CRT) TVs, such as a new range of ultra-slim CRT TVs built with thinner glass tubes, LG Electronics’ European chief James Kim told Reuters in an interview.

“We will sell those at a 15 to 20 percent premium. But otherwise we have said, ‘As an early innovator, let’s forget CRT. We don’t sell CRTs anymore’,” Kim said.

Source: Reuters

 

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