samsung English news | samsung, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

Seoul, Aug 24 South Korea's top two TV makers Samsung and LG Electronics represented half of the global TV market in the first half of the year, a report showed on Tuesday, as they maintained their leadership in the premium segment.Samsung accounted for 31 percent of the global TV market in terms of sales revenue to defend its top status in the first six months of 2021, while LG followed with a 19 percent share, according to data from industry researcher Omdia.Japan's Sony came in third with 9.3 percent followed by Chinese makers TCL with 7.4 percent and Hisense with 7.3 percent.It was the first time since 2016 that the company's first-half sales volume topped 20 million units, reports Yonhap news agency.Samsung's strong performance was led by premium QLED TV sales that topped 4 million units in the first half, up 46 percent from a year ago. The global QLED TV market came to 5.25 million units in the first half.Samsung also had the dominant position in the 80-inch or larger TV segment with a market share of 51.9 percent."Considering second-half TV sales are usually above the first half's, our QLED TV sales are expected to reach 10 million units this year," Samsung said. "We are certain to achieve the No. 1 status for 16 consecutive years."LG sold 13.56 million TVs in the first half, up 25.8 percent from a year earlier, thanks to increased supply and enhanced price competitiveness of OLED displays.LG shipped 1.73 million OLED TVs in the first half, representing more than 63 percent of the worldwide OLED TV market. In particular, the company's OLED TV shipments reached 945,600 units in the second quarter, its largest-ever quarterly volume since the introduction of OLED TVs in 2013."This is meaningful considering that the average selling price (ASP) of LG's OLED TVs is almost $2,000, nearly four times larger than that of LCD TVs," it said.The worldwide TV market in the first half posted revenue of US$54.2 billion, up 36.1 percent from a year earlier, while sales reached 99.11 million units, up 7.4 percent from a year ago, Omdia data showed.When it comes to the second-quarter alone, the global TV shipments came to 47.85 million units, up from 45.64 million units a year earlier.However, it was down from 51.25 million units in the first quarter due to seasonality and production disruptions from the resurgence of COVID-19.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

SamsungFOLLOW

Samsung, Latest News

Less than 15 days since Samsung Electronics Vice Chairman Lee Jae-yong was released on parole, the South Korean tech giant has announced a large-scale investment plan. ...

New Delhi, Aug 25 Samsung on Wednesday launched a new mid-range 5G smartphone 'Galaxy M32 5G' in the ... ...

New Delhi, Aug 25 The pre-bookings for Galaxy Z Fold3 and Galaxy Z Flip3 were 2.7 times high ... ...

San Francisco, Aug 25 An Alaska Airlines flight in the US was evacuated after a Samsung smartphone on ... ...

New Delhi, Aug 24 Xiaomi is reportedly dropping the 'Mi' branding from its products and it is said ... ...

Seoul, Aug 24 Samsung Electronics expanded its dominance in the global DRAM market in the second quarter of ... ...

New Delhi, Aug 24 Pre-bookings for Samsung's newly-launched Galaxy Z Fold3 5G and Galaxy Z Flip3 5G smartphones ... ...

Seoul, Aug 24 South Korea's top two TV makers Samsung and LG Electronics represented half of ... ...