Samsung Electronics’ share of the global TV market has always been high. According to a new report, the South Korean technology giant is in a leading position in terms of revenue in the third quarter of this year.
According to TheKoreaHerald report, the market report of the well-known research institution Omdia shows that the company’s revenue in the entire market accounts for a considerable share of 33.1%.
This is a record high for Samsung. According to the report, the company pointed out that TV sales revenue will reach US$9.3 billion in the third quarter of 2020, a year-on-year increase of 22%.
In addition, Samsung Electronics sold 14.85 million TVs from July to September, which also increased by 39%.
In terms of sales volume, the company currently accounts for 23.6% of the global total. The total revenue of the global TV market in the third quarter was US$28.1 billion, a year-on-year increase of 11.8%.
Similarly, global TV sales also increased by 14.7% year-on-year to 62.87 million units. Industry sources said that despite the impact of the coronavirus pandemic, healthy sales of QLED and other large TVs have contributed to the company’s market share. In just one year, Samsung’s QLED TV sales doubled from 1.16 million units to 2.33 million units.
During the same period, another South Korean brand LG Electronics ranked second in this category.
Its market share in the third quarter was 16.6%, followed by Sony with 10.1%. The combined sales of Samsung and LG alone accounted for 49.7% of the global market.