China Tops South Korea in TV Shipments
The TV shipment gap between South Korea and China has widened further. The TV shipments of China’s TCL and Hisense in the first half of this year were 410,000 units higher than those of Samsung Electronics and LG Electronics. Considering that the gap in the first quarter was around 80,000 units, the
China's TCL and Hisense have overtaken Samsung Electronics and LG Electronics in global TV shipments for five consecutive quarters, according to market research firm TrendForce. In the first half of this year, China's TV shipments were 410,000 units higher than their South Korean counterparts. Since the second quarter of last year, the gap has nearly quadrupled.
While Samsung and LG maintain their top positions in the premium market, the gap between the Chinese companies and the South Korean firms is narrowing. As of the second quarter, TCL shipped 15.08 million units and Hisense shipped 14.23 million units, combining for 29.31 million units, which is 410,000 more than Samsung and LG's 28.9 million units.
On an individual basis, Samsung remained atop the rankings, but when considering the top two companies from each country, the Chinese companies surpassed their South Korean counterparts. This trend is attributed to Chinese companies' strengths in mini LED technology and cost competitiveness.
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