- Home
- Kilas Global
- TV Sales Volume of TCL Electronics Remains No.2 in US Market
Kamis, 14 November 2019 22:33:00
TV Sales Volume of TCL Electronics Remains No.2 in US Market
SHENZHEN, - EQS Newswire - 14 November 2019 - As a global leading manufacturer of Smart TV brand, TCL Electronics (the Company, 1070.HK) currently has obvious competitive advantage on businesses such as Smart TV, Internet services, Smart home and commercial display, among which TV business is the most prominent. In the first half of 2019, TCL Electronics ranked No.2 in the global market share, only after Samsung in terms of global TV shipments.
More importantly, in recent years, the continuous breakthroughs in overseas markets have become an important stimulus for the development of the Company's TV business. Among them, North America, as one of the most important markets for the Company's overseas development, its TV sales volume has increased remarkably by 75% year-on-year in the first half of 2019. Moreover, NPD, an authoritative consultancy focusing on consumer shopping trends research, pointed out that market share in terms of TCL brand TV sales volume remained No.2 in the US market, only after Samsung and the gap is significantly getting close.
According to the latest NPD data, in the first three quarters of 2019, TCL brand TV sales volume ranked the 2nd with a 16.5% market share in the US market, up by 3.3 percentage points year-on-year, while the market share of Samsung which ranking No.1 decreased by 2.8 percentage points from 22.3% last year to 19.5%. Therefore, the gap of the market shares between TCL brand TV sales volume and Samsung's was significantly reduced to 3 percentage points comparing with 9.1 percentage points in the same period last year. Moreover, TCL brand TV sales volume exceeded Samsung, ranking No.1 in the US market in March and July.
In addition, the latest data from NPD also shows that the Company has started its business in Canada since November 2018, and its sales volume ranking in Canada has rapidly climbed to top 5 within a year, with a market share of 7.5% in the first three quarters of 2019.
According to the announcement of the Company, in the first half of 2019, sales volume of TCL brand TVs in overseas markets has significantly increased by 49.8% year-on-year to 7.07 million sets, and the turnover reached HK$10.77 billion, up by 32.5% year-on-year. Moreover, since the release of its 2019 interim results, TCL Electronics has received positive recognitions from securities firms including Oriental Patron, CICC, Credit Suisse, Guo Yuan Securities, Industrial Securities and First Shanghai. They highly affirmed the overall performance of the Company, especially the performance of its overseas business.
Previously, many investors were still uncertain about TCL Electronics' increasing overseas business, mainly because of the China-US trade dispute which would affect or weaken the Company's development momentum in the North American markets. However, according to its interim results and the latest survey data from authoritative consulting institutions, the Company's performance has once again exceeded the overall expectations. (*).
OTP Bank Becomes First EU Financial Institution to Open a EUR 7 Billion EMTN Programme on the Hong Kong Stock Exchange
Save the Children Hong Kong's Play to Thrive: Prioritising Personal Growth Over Competitive Success
Greenworks Deepens Its Localisation Strategy in Europe, Building a New Pillar for Global Growth
Constellation Brands Reports First Quarter Fiscal 2027 Financial Results
China's digital hub Hangzhou hosts conference on AI, OPC
Dusit International brings its Dusit Collection brand to Japan with the opening of a Kengo Kuma-designed lakeside retreat in Hokkaido
World's First Commercial Multimodal LLM for Cultural Tourism Enters Broad Application
Hainan FTP marks 6-month milestone of special customs operations, signs deals during Hong Kong visit
Taiwan entrepreneur Time Light Care brings smart elderly care to mainland as silver economy gains ground
Siam Piwat appoints The Bureau of Wonders as international public relations consultant for Siam Paragon Bangkok Watch Week 2026
De Beers Shares Latest Research On Us Consumer Trends
Razer Blade 2026 Laptop Lineup Compared: Blade 14 vs 16 vs 18
Vinmec Launches Vietnam's First Integrated High -Tech Robotic Surgery Network, Establishing the Country's First Multi-Connected Robotic Surgery Ecosystem
