NEWS: High-end TV Maker Loewe Technologies to shut down

Discussion in 'General TV Discussions Forum' started by Phil Hinton, Jun 26, 2019.


    1. Andy Bassett

      Andy Bassett
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    2. dr no

      dr no
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      not surprising
      premium market is gone these days
      you have have sales to survive in this congested market
       
    3. Evinger

      Evinger
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      This is sad. Was never in a position to buy a Loewe TV, but it is/was really nice quality stuff.
       
    4. encaser

      encaser
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      LG, Panasonic, Sony and Samsung, for example, would disagree with you, as they are all pushing for new premium models to fill that market share.
       
    5. grogi

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      Premium market is where the biggest profits are. The production and R&D costs are similar to value products, but margins are much bigger.
       
    6. dr no

      dr no
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      I wouldn't say their market is same as the Loewe market nor their products as premium.
      All their products I would describe as top end of the mass sales line. Also note they are often discounted from day one

      You have to sell the products to make the profit regardless of profit margin. This is more and more evident in premium brands that don't have cheaper products to make up sales and disappear. e.g Pioneer.
       
    7. Hampy1972

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      Second hand market now is stronger than ever, it is always about choice as electronics is now cheap and easy to replace. What happened to the tv repair shows? exactly.
      Down to the recycle place, get onto ebay, shpock, Gumtree or amazon, find a replacement for like a 1/3 of the cost.
      If it lasts 12 months.. wicked, if not, back searching on the ads again.
      The customer now as the power. TVs like cellphones have probably peaked to a stage when you see buying new (unless it's someone else's money) is not worth it.
      Always sad to see a company go under but look at Hisense, they brought and took over Sharp and made it a success.....

      Mergers and takeovers is now key, a small chunk in the market is better no chunk.
      Peace!
       
    8. encaser

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      If you look at their mainstream lines then no, but they are starting to produce models at a luxury/premium tier with sets costing 10s of thousands which are hardly 'top end'.
       
    9. d10brp

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      I doubt that's where they're making their money though. If their business was that end of the market only I doubt the revenue would be enough to sustain them
       
    10. encaser

      encaser
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      There are recent articles (on other sites) reporting a relatively untapped premium end that is expected to take off with initial findings suggesting the demand is there...
      But no, of course it's not going to be the meat and potatoes level of the mass market.
       
    11. grogi

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      Sure. In order to benefit from premium margins you REALLY have to be of premium quality and offer something to convince people to unload heavy cash. The products really need to be exceptional - today with the budget models getting better and better is more difficult than ever.
       
    12. Reno77

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      I guess the highend videophiles are buying projectors instead of premium brand TVs
       
    13. boabis

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      Loewe don’t live here anymore...
       
    14. Rockets

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      I think for most people the old Windsor Davies saying of 'Oh dear, how sad, never mind' applies here.

      Loewe seemed quite irrelevant in recent years - with the drivers like Samsung and LG setting the benchmark for pricing and the original big guys Sony and Panasonic having to play to their tune. I can't see Loewe really having any long term future with their business model in this situation.
       
    15. mbmapit

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      Thoughts go out to the 400+ employees.
       
    16. Toon Army

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      Can't remember when I last read an article that involved Loewe.
       
    17. Rockets

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      Yes well you can't assemble TV's in Germany even with a undervalued currency (undervalued for the rich EU countries overvalued for the poor) and hope to be competing with China with a undervalued currency + cheaper labour and a 101 ways of reducing costs implemented/allowed by a dictatorship.
       
    18. carpman0401

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      I think that Ed Selley is spot on with his thoughts on the tv market as a whole . It’s constant incremental improvements by the usual players LG and the likes. Let’s face it , LG hold all the aces and sadly in this economic climate brands like Loewe never stood a chance of surviving. It’s a shame though.
       
    19. Chester

      Chester
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      Absolutely. Loewe used to be in local shops. Back in the days of 100Hz CRTs, I bought one. Now I can’t remember the last time I saw one.
       
    20. Hixs

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      I'd never even heard of Loewe until I joined these forums.
       
    21. boabis

      boabis
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      Back when TVs needed to be a piece of furniture, Loewe made lovely big sets that fitted in to your G-Plan living room. Now that tech is made to be hidden away, just buy a bezel-free LG OLED and slap it on the wall.
       
    22. dr no

      dr no
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      Those aren’t made to profit from
      They are options and statements. With very limited production runs.
       
    23. zeppelino

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      Very difficult market when most everyone knows the oled panel is supplied by LG and barely differs, if at all.
       
    24. Spacecat

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      I used to have a Loewe Aconda 40inch CRT ..great telly in its day ……...however it was so heavy and thick it had its own gravitational field and can currently be seen in the BBC TV series THE PLANETS with Brian Cox
       
    25. darksideofthe

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      Not surprising. Pretty stylish, but way over priced. Same as B&O. I used to sell their big fancy 100Hz flat screened CRTs. They were decent sets, but again, cost way more than they really should have, and weren't much better than the Sony and Panasonic models. Amazed that they lasted this long.
       
    26. NicolasB

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      Good riddance, frankly. Loewe hasn't produced a compelling product since CRT days.
       
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    27. Greg Hook

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      This is why they have gone under.

      Fine in the CRT days, but now people aren't interested in a TV that looks like a piece of furniture when you can get super thin bezel free TVs that look fine on their own.

      I also believe they had issues with the software on the latest TVs in providing the features that were promised? Not 100% on that.
       
    28. RichardG

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      Sad news to me.

      I had a Vitros 32" CRT for many, many years. In some ways it's still the best TV I've ever owned. Certainly until OLED, no flat screen could touch it for contrast depth - it created an image which seemed almost three dimensional. It worked faultlessly throughout its life and was a joy to use.

      It was only a lack of HDMI inputs that forced me to move it on. In an age of flat screen, no-one wanted it, so I gave it away. Still hurts. My back is grateful though, it weighed nearly 30kg I think!
       
    29. babator

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      For me, Loewe were relevant for a moment there with the Bild 7 OLED - it was not *that* much more expensive than the LG offerings of the time, at least before the discount season, and it was pretty much the only non-LG OLED (the Panasonic was ridiculously expensive, even compared to the Bild 7). And it supported both 3D and Dolby Vision.

      So I did take a serious look if I should really splurge on a TV. But the pricy stand options were annoying, and the sales channel at least here was only a few higher end audio stores (or whatever is the correct term) - I was not really comfortable with the "shopping experience" in those.
       
    30. Chester

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      If you want pricey stand options, check out Apple's new monitor! :suicide:
       
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