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Samsung, LG widen lead in global TV market

Aug. 23, 2016 - 10:41 By 임정요
Samsung Electronics Co. and LG Electronics Inc., two major South Korean TV makers, increased their share of the global television market in the second quarter, widening their lead over Japanese and Chinese competitors, according to industry data on Tuesday.

Samsung's share of the global TV market in terms of shipments rose to 22.2 percent for the April-June period, compared with 21.4 percent for the same quarter last year, data compiled by industry tracker IHS Inc. showed.

LG's market share slightly rose to 13.1 percent for the second quarter from 13 percent last year.

Third-ranked Sony Corp. saw its market share rise to 5.6 percent from 5.4 percent.

Two Chinese brands -- TCL and Hisense -- also increased their market shares to 5.6 percent and 5.5 percent, respectively.

However, two other Chinese brands -- Skyworth and Vizio -- lost market share, dropping to 4.1 percent and 3.9 percent for the second quarter, compared to 4.2 percent and 4.3 percent for the same quarter last year.

By country, South Korean TV makers increased their market share to 35.4 percent for the second quarter, compared to 34.4 percent a year ago.

Chinese brands also gained market share, hitting 28.9 percent for the quarter, up from 26.4 percent for the same quarter last year.

Japanese brands came third with 13.7 percent, compared to 15.9 percent last year.  (Yonhap)