Samsung and LG account for a half of worldwide TV gross sales in Q3

Sales of Samsung Electronics and LG Electronics accounted for 47.1%, almost half of the worldwide TV gross sales within the third quarter of this 12 months. The cumulative gross sales of the 2 corporations within the third quarter additionally accounted for almost half with a 49% share.

According to market analysis agency Omdia on the nineteenth, Samsung Electronics’ TV gross sales accounted for 28.7% and LG Electronics accounted for 18.4% within the international market within the third quarter. For cumulative gross sales, Samsung Electronics accounted for 30.2% share and LG Electronics 18.8% share. The mixed market share was 49%.

Until the third quarter of this 12 months, Samsung Electronics and LG Electronics offered 30.84 million and 6.472 million items, respectively.

In explicit, Samsung Electronics has maintained its No. 1 place in market share for 16 consecutive years, with 30.2% share in gross sales and 20.6% in gross sales amount.

Despite the manufacturing disruptions attributable to parts scarcity and COVID-19, Samsung Electronics is sustaining robust gross sales by increasing premium TV lineups comparable to Neo QLED TV and Lifestyle TV.

Samsung’s QLED merchandise, primarily targeted on Neo QLED, offered 6.29 million items within the third quarter, up 24.8% year-on-year. Samsung Electronics is predicted to attain 10 million gross sales of QLED this 12 months.

LG Electronics’ OLED TVs are additionally quickly rising. LG Electronics’ OLED TV shipments elevated 80% year-on-year to 899,000 items within the third quarter of this 12 months. It is the best Third-quarter gross sales of OLED TVs.

LG Electronics’ cumulative OLED TV shipments within the third quarter of this 12 months had been 2,655,000 items, greater than double from final 12 months, and have already surpassed final 12 months’s annual shipments. This 12 months’s annual shipments are anticipated to achieve 4 million items, twice that of final 12 months.

LG Electronics is proving its robust competitiveness with 60% share in international OLED TV shipments within the third quarter. According to LG Electronics, the variety of manufacturers promoting OLED TVs elevated to twenty this 12 months, and in addition some manufacturers are anticipated to enter the worldwide OLED TV market subsequent 12 months. 

This story has been revealed from a wire company feed with out modifications to the textual content. Only the headline has been modified.

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