Samsung reaches an all time high share in global TV market

Samsung captures one-third of the global TV market’s revenue in Q3 2020

Samsung reaches an all time high share in global TV market

According to market research firm Omdia, the company recorded an all-time high share in the global TV market in terms of revenue during the third quarter of 2020. The South Korean tech giant leads in terms of revenue during the third quarter of this year, as per a new report.

In terms of sales, in the third quarter of 2020, Samsung has reportedly sold 14.85 million units of TV, which is up by 39% year-over-year.

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The company sold around 2.33 million QLED TVs in Q3 2020, more than twice its shipment numbers from Q3 2019.

The global TV market grew 11.8 percent on-year to $28.1 billion in the third quarter.

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Samsung's domestic rival, LG Electronics Inc., was the runner-up in the third-quarter TV market with a 16.6 percent share in sales revenue, followed by Japan's Sony Corp. with a 10.1 percent share, the data showed. Global TV sales reached 62.87 million units during the same period, up 14.7 percent on-year, according to the report.

Industry insiders said robust sales of QLED and large TVs have boosted Samsung's presence in the market amid the pandemic. As for the QLED TVs, it is said that Samsung shipped 2.33 million units in this quarter when comparatively previous year it shipped 1.16 million units. When it comes to large screen TV - 80-inch or larger - Samsung accounted for 53.5% units sold globally, as per the report. Samsung Electronics' cumulative sales of QLED TV units so far this year reached 5.04 million units, compared to 5.32 million for all of last year.

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