Samsung Enjoys Record Global TV Market Share
20 May, 2020
Samsung enjoyed an archive share in the global TV market in the first quarter this season amid a slowdown over the board due to the coronavirus epidemic.
According to advertise researcher Omdia on Tuesday, Samsung grabbed a 32.4 percent share in the first 90 days, up three percentage points from a year earlier and breaking the prior fourth-quarter record of 32.3 percent of this past year.
But global TV production fell 10.2 percent on-year in the first quarter.
Samsung had a massive share in major overseas markets such as for example North America (42.6 percent) and Europe (41.4 percent). It used a whopping 50.4 percent of the market for big-screen TVs of 75 inches or even more and in addition dominated the high-end TV market with 48.8 percent.
LG also performed well with an 18.7 percent share, up 2.2 percentage points on-year.
Their foreign rivals' market share slipped by 1.2 percent for Sony, 1.1 percent for TCL, and 0.4 percent for Hisense. Chinese companies' production fell 14 percent because of factory closures.
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